Jan 13 (Reuters) - Canadian media company Corus
Entertainment Inc CJRb.TO said it would buy Shaw
Communications Inc's SJRb.TO television unit Shaw Media Inc in
a $2.65 billion cash-and-stock deal.
Shaw Communications will get about $1.85 billion in cash and
71 million class B shares of Corus, the companies said on
Wednesday.
Corus class B shares closed at C$11.21 on Tuesday.
Shaw Media owns TV channels including HGTV Canada, Food
Network Canada, History Television and Showcase.
It was not immediately clear if the deal value was in
Canadian or U.S. dollars.