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TORONTO -- The company that owns the Toronto Star newspaper has signed a deal to buy iPolitics Inc., an Ottawa-based digital political news service.

Financial terms of the deal were not immediately available.

Torstar Corp. said Thursday once the deal closes its daily newspapers and websites across the country will soon begin publishing articles from iPolitics.

"We are pleased to announce a transaction to acquire iPolitics, which has a proven record of providing extensive online coverage of federal and provincial politics and government policies across Canada," said John Boynton, chief executive of Torstar and publisher of the Toronto Star.

"It's considered an invaluable information source by many of Canada's top business leaders, elected politicians, government officials, public policy influencers and decision-makers."

Launched in 2010, iPolitics provides daily political news and industry briefs, a quarterly magazine, policy-oriented podcasts and specialized parliamentary monitoring services.

Torstar says the Toronto Star and iPolitics will maintain separate bureaus in Ottawa.

The deal is expected to close Oct. 1.

Aside from the Star and its affiliated website, Torstar owns daily and community newspapers throughout Ontario, a 56.4 per cent interest in VerticalScope and minority interests in a number of other companies.

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Torstar holds an investment in The Canadian Press as part of a joint agreement with a subsidiary of the Globe and Mail and the parent company of Montreal's La Presse.

