Mergers & Acquisitions ·
Rogers completes C$4.35B acquisition of remaining 25% stake in Maple Leaf Sports & Entertainment
RCIRogers Communications Inc
Rogers Communications Inc. completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership to 100% by purchasing the remaining 25% stake from Kilmer Sports Inc. for C$4.35 billion. MLSE owns the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts, as well as Scotiabank Arena. Rogers will establish a new business unit, Rogers Sports, to integrate these assets with its existing portfolio, including the Toronto Blue Jays and Sportsnet. Keith Pelley remains President and CEO of MLSE while assuming additional accountability for Rogers Media. This transaction positions Rogers as a global communications, sports, and entertainment leader in Canada.