Rogers to become majority owner of MLSE

Bell Canada Enterprises (BCE Inc.), which owns 37.5 per cent of MLSE, said in a media release Wednesday that the deal is expected to close in mid-2025.

Rogers Communications has bought Bell out of its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors, for $4.7 billion.

Bell Canada Enterprises (BCE Inc.), which owns 37.5 per cent of MLSE, said in a media release Wednesday 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.