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TorStar agrees to $52M sale to Nordstar Capital

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million. 

The company, which owns The Toronto Star, also publishes more than 70 newspapers and operates dozens of digital businesses in Canada, according to the company’s website. 

The transaction, which will see the media company taken private, was recommended by a special committee of Torstar’s board of directors and has the support of the majority of its shareholders and its largest independent shareholder, Fairfax Financial Holdings Ltd.

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