Rogers comments on CRTC’s NBA TV Canada approval

Core Viewpoint - Rogers Communications has received approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Bell's interest in Toronto Raptors Network Ltd (NBA TV Canada), marking a significant step in expanding its ownership of Maple Leaf Sports & Entertainment (MLSE) [1] Group 1: Acquisition Details - The acquisition deal is valued at C$4.7 billion, which will enable Rogers to become the majority owner of MLSE [2] - Rogers has already secured approvals from various sports leagues, including the NHL, NBA, CFL, MLS, and AHL, to increase its ownership stake to 75% in MLSE [1] Group 2: Strategic Importance - The company emphasizes that live sports and entertainment are central to its business strategy, highlighting the prestige of MLSE as a leading sports and entertainment organization [1]