BCE sells its stake in the Globe and Mail

BCE has sold its 15% equity position in The Globe and Mail to The Woodbridge Company.
globeAndMail

BCE has sold its 15% equity position in The Globe and Mail  to The Woodbridge Company, the company announced Friday.

“We thank Woodbridge for their partnership and support over the years and wish them the very best in taking Canada’s national newspaper forward,” said George Cope, president and CEO of BCE and Bell Canada, in a statement.

The move brings the newspaper back wholly into the Thomson family corporation, which is the majority investor of The Globe and Mail. Terms of the deal were not disclosed.