Rogers Communications (RCI) announced it has closed its transaction to acquire BCE‘s (BCE) 37.5% ownership stake in Maple Leaf Sports & Entertainment for C$4.7B. Rogers is now the largest owner with a 75% interest in MLSE. The transaction closed effective July 1 after receiving all necessary regulatory and league approvals. The purchase price was primarily funded from revolving bank credit facilities together with cash on hand, Rogers stated. “MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to be the majority owner of these iconic sports teams. Live sports are a core part of our business and core to the fans who live and breathe every moment,” said Tony Staffieri, President and CEO, Rogers.
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