On November 6, 2020, TELUS Corp. announced it will acquire Lionbridge AI for $1.2 billion. Under the acquisition, Lionbridge AI will become part of TELUS International as TELUS Corp. intends to make its international division a public company. The transaction enables TELUS International to expand its service offering to include data labelling and annotation as well as bring in new clients.
TELUS Corp. is a Canadian telecommunications company specializing in providing telecommunications products and services including access to internet, voice, entertainment, healthcare and video.
Lionbridge AI is a translation and localization company focused on improving the ability of artificial intelligence systems to recognize images, video, audio and text.
Osler, Hoskin & Harcourt LLP advised TELUS Corp. with a team consisting of Paul Seraganian, Andrew Granek (US Taxation) and Patrick Marley (Taxation).