11/17/2014 09:06 EST | Updated 11/17/2014 09:59 EST

Quebecor Buys Transcontinental Magazines Including Hockey News, Elle, Canadian Living


MONTREAL -- Quebecor's TVA Group will pay $55.5 million cash to buy 15 magazines including Canadian Living and The Hockey News, and a majority stake in Elle Canada and Elle Quebec from Transcontinental. The deal is subject to approval from competition authorities.

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