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TORONTO – Postmedia Network Canada Corp. sealed its $316 million deal to buy 173 Sun Media publications on Monday, creating the largest digital news and newspaper organization in Canada.

The closing of the acquisition is the last hurdle in Postmedia’s bid to acquire Sun Media’s English-language properties, which include dailies in major Canadian cities such as Toronto, Calgary, Edmonton, Ottawa, Winnipeg and Vancouver.

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The deal brings in 2,500 more employees into Postmedia, increasing its total headcount to more than 5,000.

“With the completion of this transaction Postmedia becomes one of Canada’s largest newsmedia companies with even more compelling, made-in-Canada offerings for marketers,” said Paul Godfrey, chief executive of Postmedia.

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The deal to buy the Sun Media newspapers from Quebecor Inc. was originally announced in October. At the time, the deal involved 175 Sun Media newspapers, but one community newspaper has since closed and two publications in Fort McMurray were consolidated.