Rogers Communications Pays $3.46B for Majority Stake In Maple Leaf Sports & Entertainment
Portfolio Pulse from Lekha Gupta
Rogers Communications Inc. (NYSE:RCI) is acquiring a 37.5% stake in Maple Leaf Sports & Entertainment from Bell for $3.46 billion, increasing its ownership to 75%. This move enhances Rogers' sports portfolio, pending regulatory approvals. RCI shares rose 0.50% following the announcement.
September 19, 2024 | 6:40 pm
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Rogers Communications is acquiring a 37.5% stake in Maple Leaf Sports & Entertainment for $3.46 billion, increasing its ownership to 75%. This strategic acquisition enhances Rogers' sports portfolio and aligns with its core business strategy.
The acquisition of a significant stake in MLSE is a strategic move for Rogers, enhancing its sports portfolio and potentially increasing its market influence in the sports and entertainment sector. The market reacted positively, with RCI shares rising 0.50%.
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