Bell Canada Enterprises (BCE Inc.) has sold its stake in Maple Leaf Sports & Entertainment to Rogers Communications for $4.7 billion. The deal is expected to close in mid-2025 and will allow Bell to reduce its debt and focus on transforming into a tech company.
Bell has sold its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors , to Rogers Communications for $4.7 billion.The Bell Canada logo is seen on June 21, 2016, in Montreal. Bell has announced that it is selling its stake in Maple Leaf Sports & Entertainment to Rogers . Bell has sold its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors , to Rogers Communications for $4.
Bell Canada Enterprises said in a Wednesday press release that the deal is expected to close in mid-2025. The company said that it is selling its ownership stake to reduce its debt and "support its ongoing transformation" from a telecommunications firm to a tech company. Pending approval from each league, Bell Media says it has also secured content rights to the Toronto Maple Leafs and Toronto Raptors on TSN for the next 20 years through a long-term agreement with Rogers.Your weekly look at what’s happening in the worlds of economics, business and finance. Senior business correspondent Peter Armstrong untangles what it means for you, in your inbox Monday mornings.
Bell Rogers Maple Leaf Sports & Entertainment Toronto Maple Leafs Toronto Raptors Telecommunications Tech Company
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers Communications to buy out Bell's share of MLSE for $4.7 billionRogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.
Read more »
Canada Bread says Maple Leaf used it as a 'shield' in bread price-fixing caseCanada Bread is accusing Maple Leaf Foods of using it as a “shield” to avoid liability in the alleged bread price-fixing scheme that’s the subject of two class-action lawsuits and an ongoing Competition Bureau investigation.
Read more »
Lorentz on PTO: 'Being a Toronto Maple Leaf is something I've always wanted'In the blink of an eye, Steven Lorentz has gone from hoisting the Stanley Cup with the Florida Panthers to taking a shot at joining the Toronto Maple Leafs.
Read more »
Bread price fixing: Canada Bread says Maple Leaf used it as 'shield'Canada Bread is accusing Maple Leaf Foods of using it as a “shield” to avoid liability in the alleged bread price-fixing scheme that’s the subject of two class-action lawsuits and an ongoing Competition Bureau investigation.
Read more »
Canada Bread says Maple Leaf used it as 'shield' in bread price-fixing caseCanada Bread is accusing Maple Leaf Foods of using it as a 'shield' to avoid liability in the alleged bread price-fixing scheme that's the subject of two class-action lawsuits and an ongoing Competition Bureau investigation.
Read more »
Canada Bread seeks damages from Maple Leaf Foods related to alleged bread price-fixing schemeCurrent company owner Grupo Bimbo had agreed to pay record $50-million fine to settle Competition Bureau probe
Read more »