Rogers Becomes Majority Owner of MLSE with 75% Stake Acquisition

Deal News | Jul 02, 2025 | Globenewswire

Rogers Becomes Majority Owner of MLSE with 75% Stake Acquisition

Rogers Communications Inc. has acquired BCE's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE), increasing its stake to 75% for C$4.7 billion. This deal cements Rogers' position as the largest owner of MLSE, a sports and entertainment giant, and marks its strengthened commitment to Canadian sports. This significant investment aligns with Rogers' historical investment in Canadian sports, having invested over $15 billion in the last decade. The acquisition expands Rogers' sports portfolio, which includes the Toronto Blue Jays, Rogers Centre, and Sportsnet. It also complements their strategic partnerships with the NHL and Canadian sports teams, showcasing Rogers' drive to bring more championships to Canadian sports fans. The transaction was finalized on July 1, 2025, funded by revolving bank credit facilities and cash on hand. Rogers aims to unlock more shareholder value and continue building a strong presence in the sports industry.

Sectors

  • Sports and Entertainment
  • Media and Communications

Geography

  • Canada – The acquisition involves Canadian companies and assets, with Rogers enhancing its leadership in Canadian sports.

Industry

  • Sports and Entertainment – The acquisition involves Maple Leaf Sports & Entertainment, a major player in the sports and entertainment industry.
  • Media and Communications – Rogers Communications Inc., a communications and media company, is expanding its presence in Canadian sports, which is a significant media interest area.

Financials

  • C$4.7 billion – The purchase price paid by Rogers to acquire BCE's 37.5% ownership stake in MLSE.

Participants

NameRoleTypeDescription
Rogers Communications Inc.Bidding CompanyCompanyCanada's leading communications and entertainment company and now the majority owner of MLSE.
BCE Inc.Selling CompanyCompanyPreviously held a 37.5% stake in MLSE, which was acquired by Rogers in this transaction.
Maple Leaf Sports & Entertainment (MLSE)Target CompanyCompanyA prestigious sports and entertainment organization now majority owned by Rogers.