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ICYMI: Torstar transaction finalized, Instagram launches new feature

Author: Bree Rody
Publication: Media In Canada

Torstar is officially part of NordStar

Toronto Star parent co Torstar has officially been acquired by NordStar, the new company owned by entrepreneurs Jordan Bitove and Paul Rivett. On top of the flagship daily, NordStar has also taken possession of more than 70 other regional dailies and community papers. The transaction was valued at $60 million. Following NordStar’s initial offer of $52 million, a second offer emerged which prompted NordStar to raise its offer. Torstar is now officially a private company, with the quarterly results it announced back in May being the last ones it will release publicly.

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