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    Airchecker
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    The CRTC has approved SiriusXM Canada’s go-private transaction, valued at $479 million. In doing so, the commission is directing SiriusXM Canada to allocate nearly $29 million over the next seven years to funds that promote Canadian musical talent, such as FACTOR and Musicaction. The CRTC says it considers the transaction to be in the public interest of Canadians, as it will continue to ensure the sustainability of the satellite radio service, while supporting the Canadian broadcasting system investments through tangible benefits.The CBC, currently one of three major Canadian shareholders, will divest its financial stake as a result of the transaction.

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