Bidders express interest in buying all or part of SaltWire newspaper business
- Several bidders have shown interest in acquiring SaltWire Network Inc. And The Halifax Herald Ltd., allowing them to operate as viable businesses, according to a report by KSV Restructuring Inc.
- KSV's report revealed that more than 250 potential buyers received information about the sale process, with offers submitted for the media companies' assets.
- The next phase involves a due diligence process by KSV to select bidders for binding offers by May 24, potentially leading to court approval for a transaction by June 28, impacting around 800 contractors and 390 employees.
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Total News Sources0
Leaning Left5Leaning Right1Center3Last Updated15 days agoBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
L 56%
C 33%
11%
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