Rogers acquires remaining stake in MLSE from Kilmer Sports for $4.35-billion
Rogers Communications has acquired the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports for $4.35-billion. This move grants Rogers full ownership of major Toronto sports franchises, including the Maple Leafs and Raptors.
Why it matters
The consolidation of major sports assets under a single telecommunications giant reflects the rising valuation of professional sports teams and media rights.
The Rogers Centre in Toronto, home to the Toronto Blue Jays, was already part of Rogers's sports holdings. By acquiring the remaining stake in MLSE, the company is taking full control of other Toronto sports franchises. Gregory Shamus/Getty Images
The report is a straightforward business news summary detailing the transaction and its financial implications.
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