Rogers Communications buys remaining stake in Maple Leaf Sports & Entertainment for CAD 4.35B

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2▲1 ▼0Impact / 5
Summary · why it matters

Rogers Communications has agreed to buy the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for CAD 4.35 billion, giving Rogers 100% ownership of Canada's largest sports management and live entertainment company. Maple Leaf Sports & Entertainment owns the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts, as well as several development franchises. Rogers CEO Tony Staffieri called the deal a defining moment, saying full ownership brings together Canada's premier communications company with its premier sports and entertainment organization, creating more opportunity to invest in championship-caliber teams, unique fan experiences, and long-term shareholder value. Rogers plans to finance the transaction with committed liquidity, and shares rose more than 1% in early trading.

Impact on assets 1

Cloud & Digital Infrastructure▲ · 1 stocks
Rogers Communications Inc
RCI
▲ PositiveCapitalrelevance

Rogers acquires remaining 25% stake in Maple Leaf Sports & Entertainment for CAD 4.35B, consolidating ownership and expected to create shareholder value.

Off-coverage companies 2

Kilmer Sports IncPrivate▲ Positive
Capitalrelevance

Kilmer Sports sells its 25% stake for CAD 4.35B, receiving a large cash payment.

Maple Leaf Sports & Entertainment LtdPrivate± Mixed
relevance

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