Postmedia’s proposed acquisition of Sun Media’s English-language media assets was recently approved by the Competition Bureau. The $316-million deal was first announced in October 2014, which involved the acquisition of Sun Media’s 175 newspapers and digital publications, including the popular Sun tabloid newspapers in cities such as Toronto, Vancouver, Ottawa and Calgary. After a lengthy 5-month merger review, the Bureau issued a No Action Letter on the basis that the transaction is unlikely to substantially lessen or prevent competition. In reaching this conclusion, the Bureau cited a number of factors, including the existing level of competition from other local daily newspapers, the lack of close rivalry between Postmedia’s broadsheet and Sun ... [more] Full article