09-18-2024, 07:16 AM
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#1
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Rogers acquires 37.5% of MLSE for $3.5 billion USD
https://www.sportico.com/business/te...ce-1234797692/
Quote:
Rogers Communications has acquired BCE’s 37.5% stake in Maple Leaf Sports and Entertainment for CA$4.7 billion ($3.48 billion based on current exchange rates). MLSE is the parent company of the NHL’s Toronto Maple Leafs, the NBA’s Toronto Raptors and MLS’ Toronto FC.
Rogers already owned 37.5% of MLSE, and it puts a total valuation on the entity of $9.3 billion. Rogers also owns the Toronto Blue Jays, who are worth $2.27 billion, according to Sportico. Larry Tanenbaum owns the remaining 25% stake in MLSE, which also includes the Canadian Football League’s Toronto Argonauts.
Rogers declined to comment, and BCE did not immediately respond to a request for comment.
In 2012, competing telecom giants Rogers and BCE teamed up to purchase a majority of MLSE from the Ontario Teachers’ Pension Plan for CA$1.32 billion ($1.78 billion).
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Last edited by sureLoss; 09-18-2024 at 07:36 AM.
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