Rogers Communications Inc. has reached a $4.35 billion agreement to buy the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE), making it the sole owner of the company.
Background
MLSE is the parent company of the Toronto Maple Leafs, the Toronto Raptors, the Toronto Argonauts, and Toronto FC. Rogers already owns the Toronto Blue Jays, Rogers Centre, and Sportsnet, giving the company a significant presence in the Canadian sports and media landscape.
The deal is expected to close late this year, pending approval from the respective sports leagues. Rogers plans to combine its sports, media, and entertainment properties into a larger consolidated business and sell a minority interest in the collection of assets while maintaining control.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
