Rogers Communications(US:RCI) Globenewswireยท2025-06-04 20:30Core Viewpoint - Rogers Communications has received all necessary league approvals to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE), aiming to become the majority owner with a 75% stake [1][2]. Group 1: Acquisition Details - The acquisition deal is valued at C$4.7 billion, which will allow Rogers to expand its ownership in MLSE, a prominent sports and entertainment organization [3]. - Rogers has already received clearance from the Competition Bureau for the acquisition and is awaiting approval from the CRTC for an additional indirect interest in Toronto Raptors Network Ltd (NBA TV Canada) [3]. Group 2: Strategic Importance - Live sports and entertainment are identified as critical components of Rogers' core business strategy, emphasizing the significance of this acquisition for the company's future growth [2]. - The acquisition aligns with Rogers' position as Canada's leading communications and entertainment company, enhancing its portfolio in the sports sector [2][4].