M&A Deal Summary

Astral Media and Corus Entertainment Acquire TELETOON Canada

On July 13, 2006, Astral Media and Corus Entertainment acquired media company TELETOON Canada from The Cookie Jar Group

Acquisition Highlights
  • This is Astral Media’s 1st and Corus Entertainment’s 2nd transaction in the Media sector.
  • This is Astral Media’s 1st and Corus Entertainment’s 2nd transaction in Canada.
  • This is Astral Media’s 1st and Corus Entertainment’s 1st transaction in Ontario.

M&A Deal Summary

Date 2006-07-13
Target TELETOON Canada
Sector Media
Buyer(s) Astral Media
Corus Entertainment
Sellers(s) The Cookie Jar Group
Deal Type Divestiture

Target

TELETOON Canada

Toronto, Ontario, Canada
TELETOON Canada Inc. is a Canada’s first and only 24-hour animation network with programming for audiences of all ages. With English- and French- language services, the network offers viewers classic cartoons and new animation from Canada and around the world. TELETOON has become one of the most popular viewing options for kids, teens, young adults and families. The network currently reaches over three million Canadian kids aged two to 11 and is available in almost seven million homes.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Astral Media

Montreal, Quebec, Canada

Category Company
Founded 1961
Sector Media
Employees2,713
DESCRIPTION

Astral Media, Inc. is an Canadian media company, active in specialty, pay and pay-per-view television, radio and outdoor advertising. Astral Media’s solid and dynamic presence in the country’s major markets rests on its commitment to offer a unique combination of high-quality, targeted media for all its audiences.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2006 M&A 1 of 1
Buyer

Corus Entertainment

Toronto, Ontario, Canada

Category Company
Founded 1998
Sector Media
DESCRIPTION

Corus Entertainment, Inc. is a media and entertainment company that creates, broadcasts and licenses content across a variety of platforms for audiences around the world.


DEAL STATS #
Overall 3 of 7
Sector: Media M&A 2 of 6
Type: Divestiture M&A Deals 1 of 4
State: Ontario M&A 1 of 3
Country: Canada M&A 2 of 6
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Toon Boom

Montreal, Quebec, Canada

Toon Boom is an animation software company that provides artistic freedom to clients in creating any style and efficiently publishing anywhere and provides real-time management for animated projects. The company serves customers including Disney Television Animation, Amazon, Fox Television Animation, Nelvana, Toei Animation, The SPA Studios, Xilam, and Boulder Media, to name a few. Toon Boom was formed in 1994 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Canwest Media - CJZZ Cool FM & CKBT The Beat

Canada

Canwest Media - CJZZ 99.1 Cool FM and Kitchener radio station CKBT 91.5 The Beat is a provider of radio broadcasting services.

Buy CA$15M

Seller(S) 1

SELLER

The Cookie Jar Group

Toronto, Ontario, Canada

Category Company
Founded 1976
Sector Media
DESCRIPTION

The Cookie Jar Group is a Canadian producer of children’s entertainment, education, and edutainment products to children, parents, educators, and caregivers.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2006 M&A 1 of 1