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Scholastic announces definitive agreement to invest US$186M in 9 Story Media Group

Date Announced

March 12, 2024

Lead Office



186.00 Million USD

On March 12, 2024, Scholastic announced its definitive agreement to invest in 9 Story Media Group. Under the terms of the agreement, Scholastic will acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media Group for US$186 million.

9 Story Media Group, headquartered in Toronto, Ontario, is a Canadian media & entertainment company that produces and distributes animated and live-action content.

Scholastic, based in New York City, New York, is an American multinational publishing, education and media company.

McCarthy Tétrault is advising the management shareholders of 9 Story Media Group with a team led by Jonathan See, Jeremy Pleasant and Hailey Schenker that includes Adil Akbar (Business), Raj Juneja, Mike Dolson,  Erich Schultze (Tax), Jason Gudofsky (Competition/Antitrust) and Patrick Pengelly (Labour & Employment).