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Quebecor Media Successfully Completes its Privatization of Nurun Inc.

CLIENT

Quebecor Media

DATE

February 26, 2008

Ogilvy Renault acted as counsel to Quebecor Media in the context of a take-over bid that was commenced on January 9, 2008 and expired on February 19, 2008. Upon the expiration of the bid and subsequently on February 26, 2008, Quebecor Media acquired, pursuant to its offer and the compulsory acquisition procedures under the Canada Business Corporations Act, 100% of the outstanding common shares of Nurun not already held by it and its affiliates. The total value of the transaction was approximately Cdn$76 million.

Quebecor Media was represented by Marc Tremblay, Vice-president, Legal Affairs, Quebecor Média Inc. and Frédéric Despars, Vice President, Legal Affairs, Videotron Ltd. and Canoe Inc. and was advised by Ogilvy Renault LLP with a team that included Marc Lacourcière, Solomon Sananes, Elliot Shapiro, Christine Dubé and Marie-Claude Mailloux (corporate and securities) and Derek G. Chiasson (tax). Nurun was represented by its Corporate Secretary, Christian Marcoux, who also serves as Senior Legal Counsel, Compliance of Quebecor Media Inc.

Click here to read Quebecor Media's and Nurun's joint press release.

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