US EditionRogers Closes Deal with BCE to Become Majority Owner of MLSE
TORONTO, ONTARIO, CANADA, JUL 2 – Rogers increases its sports portfolio controlling 75% of MLSE, with assets valued at $9.2 billion, aiming to unlock shareholder value and expand Canadian sports media presence.
- On July 1, Rogers completed its purchase of BCE’s 37.5% MLSE stake, increasing its ownership to 75% and becoming the majority owner.
- Building on its 2012 investment, Rogers acquired BCE’s 37.5% stake in MLSE on July 1 to capitalize on soaring franchise values and strengthen its media rights portfolio.
- Sportico values the Raptors at $4.66 billion and the Maple Leafs at $3.66 billion, with four teams and Sportsnet exceeding $12 billion in total worth.
- Rogers' acquisition includes a 12-year NHL media rights extension, sidelining Bell and TSN from controlling Canada’s top sports assets.
- Rogers holds an option to acquire the remaining 25% of MLSE next year, with analysts suggesting an IPO or minority sale as potential monetization strategies.
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38 Articles
castanet.net+11 Reposted by 11 other sources
Rogers closes deal with BCE to become majority owner of MLSE
Rogers Communications Inc. has closed its deal to buy BCE Inc.’s 37.5 per cent stake in Maple Leaf Sports & Entertainment to become the majority owner of the company.
·Kelowna, Canada
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Rogers Communications finalized an agreement to acquire a 37.5% share of BCE in Maple Leaf Sports & Entertainment (MLSE), thus becoming the company's majority shareholder.
·Montreal, Canada
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Coverage Details
Total News Sources38
Leaning Left11Leaning Right2Center7Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 35%
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