Major transaction in the world of sports and telecommunications: Rogers buys Bell’s shares in Maple Leaf Sports and Entertainment (MLSE), a Toronto company that notably owns the Maple Leafs in the NHL. The transaction is valued at CAD 4.7 billion.
The news was first reported by specialist media outlet Sportico. Bell later confirmed it in a statement.
Bell held 37.5% of MLSE, as did Rogers. With this transaction, Rogers now owns 75% of the company. The other 25% of the shares is held by Larry Tanenbaum.
In addition to the Maple Leafs, MLSE owns the NBA’s Raptors, MLS’s Toronto FC and the CFL’s Toronto Argonauts. Rogers owns Major League Baseball’s Blue Jays, as well as Rogers Centre and Sportsnet.
“MLSE is one of the world’s premier sports and entertainment companies, and we are proud to expand our ownership of these highly sought-after sports teams. As Canada’s premier communications and entertainment company,…
