Rogers Buys Remaining MLSE Stake for $4.35 Billion
Rogers will take full control of the company that owns the Toronto Maple Leafs, Raptors and FC after a $4.35 billion deal, subject to league approvals.
- On Monday, Rogers Communications Inc. signed a $4.35 billion deal to purchase the remaining 25 per cent stake in MLSE from Kilmer Sports Inc.
- MLSE controls the Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts, and other major sports franchises. The acquisition grants Rogers sole ownership of the major Canadian sports and entertainment organization.
- Rogers chief executive Tony Staffieri called the agreement a "defining moment," stating it "brings together Canada's premier communications company with Canada's premier sports and entertainment organization."
- Subject to league approvals, the transaction is expected to close in the fourth quarter of this year and will be financed with Rogers' committed liquidity.
- Rogers intends to sell a minority stake in its consolidated sports, media, and entertainment assets over the course of the next year following full ownership consolidation.
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Rogers' MLSE play the latest in shift for Canadian sports landscape, experts say
TORONTO — Sports business experts say Rogers Communications Inc.'s full takeover of Maple Leaf Sports & Entertainment is the latest sign of a shift in Canada's professional sports landscape.
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[your]NEWS
torontotelegraph.comRogers agrees to take 100% ownership of Maple Leaf Sports & Entertainment
Rogers Communications Inc. is moving to take full control of Maple Leaf Sports & Entertainment after reaching a $4.35 billion agreement to buy the remaining 25% stake held by Kilmer Sports Inc. The deal, announced Monday, would make Rogers the sole owner of the company behind the NHL's Toronto Maple Leafs, the NBA's Toronto Raptors,
Daily Courier
castanet.netRogers to take full ownership of MLSE with $4.35B purchase of remaining stake
TORONTO - Rogers Communications Inc. says it has signed a deal to buy the remaining 25 per cent stake in Maple Leaf Sports & Entertainment it does not already own from Kilmer Sports Inc. for $4.35 billion.
Telecommunications giant Rogers announced that it had signed an agreement to acquire the remaining 25% in MLSE for $4.35 billion.
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