Telus Acquires Telus Digital for $1.3 Billion, Shares Jump 16%

Telus Digital shares surged 16% after its parent company Telus agreed to acquire all outstanding shares for $4.50 CAD ($3.33 USD), a 52% premium to the previous offer in June. The deal values Telus Digital at $1.3 billion and reunites the business with Telus.

VANCOUVER — Telus Digital shares surged by 16% after its parent company, Telus Corp., agreed to acquire all outstanding shares for $4.50 CAD ($3.33 USD), a 52% premium to the previous offer in June. The deal values Telus Digital at approximately $1.3 billion and reunites the business with Telus.

Under the agreement, Telus will pay $4.50 per share for Telus Digital, which operates under the name Telus Digital and provides IT services and customer service to global clients. The purchase price is payable in cash or Telus shares, with a limit on the number of shares available under the offer [1][2][3][4].

The deal comes after Telus proposed earlier this year to buy the shares in Telus Digital it did not already own for $3.40 per share in cash or Telus shares or a combination of both. The offer was supported by Riel B.V., Telus Digital's largest minority shareholder with 31.0% of the outstanding subordinate voting shares and 7.5% of the multiple voting shares [1][2][3].

Telus International went public in 2021 with an initial public offering of $25 per share. The shares closed at $3.88 on the New York Stock Exchange on Friday. Telus chief executive Darren Entwistle stated that Telus Digital's customer experience solutions and artificial intelligence innovations are highly complementary to the strategy at Telus. The acquisition is expected to enhance AI capabilities and SaaS transformation across all lines of Telus' business [1][2][3][4].

The agreement requires approval of a two-thirds majority vote by holders of subordinate voting shares and multiple voting shares of Telus Digital, voting as a single class. It also needs approval by a simple majority of the votes cast by holders of the subordinate voting shares, excluding Telus and its directors, senior officers, and affiliates [1][2][3].

The transaction values Telus Digital's equity at about $1.3 billion, based on 114.3 million outstanding subordinate voting shares and 164.4 million outstanding multiple voting shares. Telus owns 6.0% of the subordinate voting shares and 92.5% of the multiple voting shares [1][2][3][4].

References:
[1] https://ca.finance.yahoo.com/news/telus-signs-deal-acquire-full-115806991.html
[2] https://www.winnipegfreepress.com/business/2025/09/02/telus-signs-deal-to-acquire-full-ownership-of-telus-digital
[3] https://seekingalpha.com/news/4491008-telus-to-acquire-remaining-telus-digital-shares-for-539-million-at-450-per-share
[4] https://www.businesswire.com/news/home/20250902024297/en/TELUS-and-TELUS-Digital-Enter-into-a-Definitive-Arrangement-Agreement-for-TELUS-to-Acquire-Full-Ownership-of-TELUS-Digital