Rogers Communications Takes Full Control of MLSE

Rogers Communications is acquiring the final 25% stake in Maple Leaf Sports and Entertainment (MLSE) from Larry Tanenbaum's Kilmer Sports for approximately 4.35 billion Canadian dollars. This acquisition will give Rogers full control over the sports and entertainment company.

MLSE is a major entity in the sports world, owning a portfolio of professional sports teams including the Toronto Maple Leafs (NHL), Toronto Raptors (NBA), Toronto FC (MLS), and the Toronto Argonauts (CFL). The company also operates Scotiabank Arena in Toronto.

Rogers Communications, a Canadian telecommunications and media company, had previously held a 37.5% stake in MLSE. This latest move consolidates its ownership, signaling a significant strategic expansion in its sports and media holdings. The deal is subject to customary closing conditions.