Rogers To Buy Bell's 37.5% Ownership Stake In Maple Leaf Sports & Entertainment For C$4.7B
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications has signed an agreement to purchase Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. This acquisition will allow Rogers to invest in bringing championships to Canada. Sportsnet, owned by Rogers, will continue broadcasting 50% of Maple Leafs and Raptors games controlled by MLSE.
September 18, 2024 | 12:35 pm
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Rogers Communications is acquiring Bell's 37.5% stake in MLSE for C$4.7 billion, enhancing its sports broadcasting capabilities and potentially increasing its influence in Canadian sports.
The acquisition of Bell's stake in MLSE by Rogers Communications is a significant move that enhances Rogers' position in the sports broadcasting market. This could lead to increased revenue from sports content and strengthen its brand in the Canadian market.
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