RADIO IN CANADA

Radio Record, Volume I, Issue 3, 5 August 1927, Unnumbered Page

RADIO IN CANADA

A BIG DEAL REPORTED. A report from New York states that the Radio Corporation of America has confirmed the reported sale of the Canadian Marconi Compaty’s business to Lazard Brothers and Company, the London bankers, but denies the report that the Radiv Corporation, or any other American interests, would obtain control of the Canadian company. It is understood that Brothers will form a holding company to run and operate the Canadian Marconi Company, in which the British Marconi Company and the Radio Corporation will hold stock. The officials of the Radio Corporation said the report from Tondon that the corporation would appoint a director on the Canadian board was untrne, and that the matter had not been discussed. {Lazard Rrothers are a big firm of Giscount bankers. ]