Rogers Communications announces it has signed an agreement to acquire the remaining 25% ownership stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports, a company associated with billionaire Larry Tanenbaum. The deal values the stake at C$4.35 billion (about $3.1 billion), which Rogers will use to move from partial ownership to full control of MLSE, Canada’s major sports and entertainment operator.
Multiple outlets report that Rogers’ acquisition gives the company 100% ownership of MLSE, consolidating the sports and entertainment business that includes major North American sports franchises. Coverage also notes that Rogers plans to sell a minority stake in the consolidated sports and entertainment business over the next year, while still taking full ownership through the transaction.
In addition, reporting characterizes the agreement as a significant corporate step for Rogers, positioning it as a single owner of MLSE’s assets and related operations. The announcements do not provide detailed information across outlets on timing for completion or regulatory approvals, but all agree on the buyer, seller, stake percentage, and reported purchase price.
