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Scholastic closes its definitive agreement to invest US$182M in 9 Story Media Group

Date Closed

June 21, 2024

Lead Office

Toronto

Value

182.00 Million USD

On June 21, 2024, Scholastic completed its definitive agreement to invest in 9 Story Media Group. Scholastic acquired 100% of the economic interest in and a minority of voting rights in 9 Story Media Group for US$182 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 advised the management shareholders of 9 Story Media Group with a team led by Jonathan See, Jeremy Pleasant and Hailey Schenker that included Adil Akbar, Danyal Bajwa (Business), Raj Juneja, Mike Dolson,  Erich Schultze (Tax), Jason Gudofsky (Competition/Antitrust) and Patrick Pengelly (Labour & Employment).

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