Rogers Communications to buy out Bell's share of MLSE for $4.7 billion

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Rogers Communications to buy out Bell's share of MLSE for $4.7 billion
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Rogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.

Neil Davidson, The Canadian PressRogers Communications Inc. is buying out Bell's 37.5 percent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 percent ownership of the sports conglomerate. Rogers signage is pictured in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Rogers and Bell had held equal shares of MLSE, which owns the NHL Maple Leafs, NBA Raptor, CFL Argonauts, MLS Toronto FC and AHL Marlies. Rogers, which owns Sportsnet, already owns Major League Baseball’s Blue Jays and its Rogers Centre home.

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