tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rogers Communications receives approvals for acquisition of 37.5% stake in MLSE

Rogers Communications (RCI) announced it has received all league approvals to buy out Bell’s 37.5% stake in Maple Leaf Sports & Entertainment. Rogers has received approvals from the National Hockey League, National Basketball Association, Canadian Football League, Major League Soccer and the American Hockey League to become 75% owners of MLSE. The deal is subject to approval from the CRTC to acquire an additional indirect interest in Toronto Raptors Network, representing a very small portion of the transaction. Rogers has previously received clearance from the Competition Bureau to proceed with the acquisition. In September 2024, Rogers announced a deal to acquire Bell’s stake in MLSE for C$4.7B to become majority owner of MLSE.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1