CanWest sells TV3 stake for $200 million

WINNIPEG - CanWest got out of Ireland on Friday for almost $200 million.CanWest Global Communications announced it has sold the 45% stake in Irish broadcaster TV3, plus some other assets, to funds managed by Doughty Hanson & Co., one of the largest independent private equity firms in Europe. The total sale price 265 million Euros, or C$381 million, at current foreign currency exchange rates. The purchase price will be payable in cash at completion, and the deal is subject to certain customary price adjustments and regulatory approvals. It is also subject "in certain respects to a pre-emption right in favour...