The federal Competition Bureau has closed its investigation into a 2017 deal between Torstar Corp. and Postmedia Inc., saying no charges will be laid. A spokesperson for Torstar and the CEO of Postmedia both said they were pleased with the announcement. “We welcome the decision announced today by the Bureau and believe in the important role the Bureau has to play in the Canadian economy,” said Torstar spokesperson Bob Hepburn. “From the outset we have adamantly maintained that Postmedia has done nothing wrong and now, more than two years later, the Competition Bureau has closed the investigation,” Postmedia president and CEO Andrew MacLeod said in an emailed statement. As part of its investigation, the Competition Bureau searched the offices of Torstar and Postmedia, and also conducted interviews with six current and former Torstar employees.

Source: thestar January 08, 2021 00:22 UTC