Rogers Completes Acquisition Of Score Media

Posted Oct 22, 2012

Rogers Communications subsidiary Rogers Media has closed the acquisition of Score Media.  Rogers Media acquired all of the issued and outstanding shares of Score Media.  theScore spun out to shareholders of Score Media and Rogers acquired ownership and control over 1,660,000 Class A Subordinate Voting Shares of Score Digital in exchange for 1,660,000 Class A Subordinate Voting Shares of Score Media.

As part of the digital media asset separation, Rogers Media acquired an additional 9,502,084 Class A Subordinate Voting Shares of Score Digital.  Rogers Media owns 11,162,084 Class A Subordinate Voting Shares of Score Digital, representing approximately 11.8% of the issued and outstanding Class A Subordinate Voting Shares of Score Digital.  The total consideration paid by Rogers Media was $167 million for the Class A Subordinate Voting Shares of Score Digital received in connection with the separation of the digital media assets.

[Canadian Private Equity]