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Rogers Communications announces $200M buyout deal

The telecom giant has bought out Rogers Communications, the Canadian telecom giant that has been on a tear since announcing its plan to buy NBCUniversal in the summer.

Rogers Communications announced the deal Thursday, saying the buyout will reduce its debt to $20.9 billion.

It will pay $1.9 per share and is expected to close in early 2019.

The deal was first reported by The Canadian Press.

The deal will reduce Rogers Communications debt to a net $20 billion.

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