Rogers Communications Inc. has finalized a $4.7 billion acquisition of BCE Inc.'s 37.5 percent stake in Maple Leaf Sports & Entertainment, becoming the majority owner with a 75 percent stake. This acquisition includes ownership of teams such as the Toronto Maple Leafs and Toronto Raptors. The deal was closed following necessary regulatory and league approvals. Additionally, Rogers has secured a 12-year, $11 billion agreement for NHL national media rights, further expanding its sports portfolio, which includes the Toronto Blue Jays and Sportsnet.
Rogers Communications Inc. has completed a $4.7 billion acquisition of BCE Inc.'s 37.5 percent stake in Maple Leaf Sports & Entertainment, securing majority ownership.
With this acquisition, Rogers controls a 75 percent stake in Maple Leaf Sports & Entertainment, owning teams like the Toronto Maple Leafs and Toronto Raptors.
The deal was finalized after receiving necessary regulatory and league approvals, increasing Rogers' footprint in the sports industry significantly.
Rogers also has a new 12-year, $11 billion agreement with the NHL for national media rights, enhancing its sports portfolio and broadcasting dominance.
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