Bell sells ownership stake in Maple Leaf Sports & Entertainment; Rogers becomes majority owner

Rogers signed a deal to purchase Bell’s 37.5 percent ownership stake in Maple Leaf Sports & Entertainment (MLSE), which owns the Toronto Maple Leafs and Toronto Raptors, for $4.7 billion, making it the majority owner of the sports entertainment company. “MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to expand our ownership of these coveted sports teams,” Tony Staffieri, Rogers president and CEO, said. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our...