Rogers Communications Inc Acquires Majority Stake in Maple Leaf Sports & Entertainment
Rogers Communications Inc has completed a deal to acquire a 75% stake in Maple Leaf Sports & Entertainment (MLSE), a Canadian sports and entertainment company.
Acquisition Details
- Rogers Communications Inc has acquired a 75% stake in MLSE, a move that includes ownership of the Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts, and Toronto FC.
- The acquisition was completed as part of a deal between Rogers Communications Inc and MLSE.
Company Response
Rogers Communications Inc has expressed its commitment to Canadian sports and its intention to invest in bringing championships to the country.
Market Reaction
The acquisition has been seen as a positive for Rogers’ stock, with the company’s shares breaking above their 200-day moving average, indicating a bullish trend.
Key Facts
- Rogers Communications Inc is a Canadian telecommunications and media company.
- Maple Leaf Sports & Entertainment is a Canadian sports and entertainment company based in Toronto, Ontario.
- The acquisition is subject to regulatory approval and other customary closing conditions.