Rogers Communications Inc. (NYSE:RCI) shares are trading higher on Thursday. On Wednesday, the company disclosed an agreement to acquire Bell’s 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for $3.46 billion (Canadian $4.7 billion).
Upon closure, Rogers will hold a 75% controlling interest in MLSE. Bell will retain long-term broadcast and sponsorship rights, including access to 50% of Toronto Maple Leafs and Raptors games.
This deal expands Rogers’ sports portfolio, which includes ownership of ...
