Rogers Acquires Bell's Stake in MLSE for $4.7 Billion

The deal grants Rogers majority control of Toronto's major sports teams, solidifying its sports empire.

Rogers Communications has purchased BCE Inc.'s 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for $4.7 billion.
This acquisition gives Rogers majority control over the Toronto Maple Leafs, Raptors, Argonauts, and Toronto FC.
The move is part of Rogers' long-term strategy to expand its sports holdings, which already include the Toronto Blue Jays and national NHL broadcasting rights.
The deal was motivated by both financial opportunities and the desire to cement a legacy in Toronto's sports scene.
Bell decided to sell its stake to focus on reducing debt and maintaining dividend payments, while retaining broadcasting rights for some games.