Quebecor bids for Montreal Canadiens

Broadcaster makes an offer for the NHL team

TORONTO -- Quebec broadcaster Quebecor Media on Thursday put a formal bid for the Montreal Canadiens pro hockey team on the table.

Montreal-based Quebecor, which owns and operates the TVA network and cable operator Groupe Videotron, made an unspecified offer for the National Hockey League team to 80% majority owner George Gillett, a Denver-based sports-team and events promoter.

The Quebecor bid has backing from Quebec-born Celine Dion and her husband/manager Rene Angelil.

Montreal's Molson family, which is part of the Molson Coors beer empire, also made a formal offer to the Gillett Entertainment Group on Thursday.

Molson Coors already holds the remaining 20% stake in the century-old Canadiens hockey franchise.

Terms of both formal offers were not made public because of confidentiality agreements, but media reports point to likely bids in the $350 million-$400 million range.
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