TELUS Digital to Go Private in $2.9 Billion Deal

Paul, Weiss is advising TELUS Digital, a Canadian technology company, in the sale to TELUS Corporation (TELUS) of all outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS, for a total transaction value of approximately $2.9 billion (CAD$3.98 billion). The deal was unanimously recommended by a special committee of independent members of the board of directors of TELUS Digital and unanimously approved by TELUS Digital’s board of directors.

The agreement will allow for closer operational integration between leading communications technology company TELUS and TELUS Digital, enhancing AI and SaaS transformation across telecommunications, health, agriculture and consumer goods sectors. The transaction will be effected by way of a court-approved plan of arrangement, and is expected to close in the fourth quarter of 2025, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Adam Givertz and Ian Hazlett, and includes partner Christopher Cummings and counsel Steve Centa; executive compensation partner Christopher Gonnella; tax partner Matthew Jordan; and antitrust counsel Chad de Souza.