Mergers & Acquisitions ·
Rogers completes $4.35B MLSE acquisition, reports Q3 revenue up 2%, declares $0.50/share dividend
RCIRogers Communications Inc
Rogers Communications completed its acquisition of the remaining 25% interest in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. on October 1, 2026, for $4.35 billion in cash funded by short-term credit facilities, making MLSE a wholly owned subsidiary. For the third quarter ended September 30, 2026, total revenue increased 2% to C$5,443 million and adjusted EBITDA grew 1% to C$2,535 million. Net income attributable to shareholders was C$482 million, down from C$5,714 million in the prior year period due to a C$5 billion non-cash fair value gain on the MLSE investment recorded previously. The company generated free cash flow of C$1,370 million and declared a quarterly dividend of $0.50 per share. Rogers Communications operates as Canada's leading communications, sports, and entertainment company.