CBC (07/06/26) Hughes, Abby
Rogers Communications is buying out the final portion of Maple Leaf Sports and Entertainment (MLSE) from Larry Tanenbaum's Kilmer Sports for 4.35 billion Canadian dollars (US$3.06 billion), giving the telco giant total control of Canada's lucrative sports empire. The transaction consolidates full ownership of the Toronto Raptors, Toronto Maple Leafs, Toronto FC and Scotiabank Arena under Rogers Communications. The deal is on track to close in this year's fourth quarter. By buying out Tanenbaum, Rogers' plan moving forward is to combine MLSE with the Blue Jays baseball team and Sportsnet, the company's sports-media brand, into one sports-and-media powerhouse. The media unit has been one of Rogers' biggest revenue drivers.
Read the full story from CBC.