TORONTO — 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.
TORONTO — 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.
“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to expand our ownership of these coveted sports teams,” Rogers president and CEO Tony Staffieri said in a statement. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy.”
Rogers said the purchase will not affect its debt leverage"and financing will include private investors."
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Rogers Communications to buy out Bell's share of MLSE for $4.7 billionTORONTO — 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.
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Rogers Communications to buy out Bell's share of MLSE for $4.7 billionTORONTO — 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.
Read more »