Anthem sells off GameTV for $6.5M

OTTAWA – The CRTC has approved the sale of GameTV from Anthem Sports and Entertainment to Remuda Media Inc. for $6.5 million.Remuda Media is jointly owned and controlled by Dean Langille, John Philips, 2078677 Alberta Ltd. (William Sawchyn) and 2225926 Ontario Ltd. (Bryan Woodruff), with each holding 25% of the shares.According a CRTC letter to Anthem subsidiary Game TV Corp earlier this month, the transaction is valued at $6,500,000 for the purchase price and $25,291 for the net working capital that will be transferred at closing. The tangible benefits package of 10% of the transaction will be payable to the...