BCE Sells Its Stake In Maple Leaf Sports And Entertainment For CAD$4.7 Billion
Portfolio Pulse from Benzinga Newsdesk
BCE Inc. has agreed to sell its stake in Maple Leaf Sports and Entertainment to Rogers Communications for CAD$4.7 billion. The deal includes a long-term content rights agreement for TSN, ensuring its position as a leading sports broadcaster in Canada. BCE plans to use the proceeds to reduce debt and support its transformation strategy.
September 18, 2024 | 12:51 pm
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BCE Inc. is selling its stake in MLSE for CAD$4.7 billion to Rogers, with plans to use the proceeds to reduce debt and support its transformation strategy.
The sale of MLSE stake provides BCE with significant capital to reduce debt and invest in its transformation strategy, which is likely to be viewed positively by investors.
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