Friday, August 8, 2025

Bell Acquires Formula 1 Canadian Grand Prix Promoter

Bell, wholly owned by BCE Inc. (TSX: BCE), announced this morning that it has acquired the operations of Montréal-based Octane Racing Group Inc. The latter is the promoter of the Formula 1 Canadian Grand Prix.

The acquisition secures the promotion’s operations until 2031. With the Canadian Grand Prix having been cancelled both for its 2020 and 2021 cycles due to the pandemic, Bell’s investment is expected to give 2020 race ticket holders the option to attend the 2022 event or be refunded.

Following the acquisition, Octane Racing Group will continue to run as a standalone entity within the Bell group of companies to promote the Formula 1 Canadian Grand Prix. The firms CEO François Dumontier, together with all Octane employees, join Bell effective today.

Currently, Bell Media is a partner of Formula 1 and has the broadcast rights to Formula 1 World Championship until 2024. The company justified the seemingly unrelated transaction as a “commitment to deliver the most compelling content across every platform while increasing our presence in the Quebec media marketplace.”

As of the time of writing, no financial details regarding the transaction were provided.

BCE Inc. last traded at $57.99 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

You Mad, Bro? Blame The Media.

Ethan Faber, Director of CTV News Vancouver, has apparently resolved to stick up for the...

Saturday, January 7, 2023, 09:00:00 AM

Dumb-Bell: There’s Never Been a Better Time to Nationalize the Telcos

Bell Canada, corporately known as BCE Inc. (TSX: BCE, NYSE: BCE), announced Thursday that it...

Saturday, February 10, 2024, 09:00:00 AM

Bell Media Bloodletting Shows CRTC Who’s Really In Charge

The last time Bell Media was featured in this column, we were ridiculing Ethan Faber,...

Wednesday, June 28, 2023, 03:12:00 PM

Nationalize The Telco’s For The Sake of Capitalism – Part 1: Rogers

Longtime readers may remember that, in the fall / winter of 2021, after the Rogers...

Sunday, April 23, 2023, 09:00:00 AM

Bell Targets 1,200 Union Jobs in Latest Round of Cuts

Company says media division not affected...
Wednesday, February 12, 2025, 07:34:39 AM