BCE Divests MLSE Stake, Secures TSN Content Rights

BCE (TSE:BCE) has released an update.

BCE Inc. has announced the sale of its minority stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers Communications for CA$4.7 billion, while securing a 20-year content rights agreement for TSN to broadcast major Toronto sports teams. This strategic move will allow BCE to reduce debt and focus on transforming into a tech-oriented company, maintaining its role in Canadian sports through ongoing team sponsorships and community initiatives.

For further insights into TSE:BCE stock, check out TipRanks’ Stock Analysis page.