Deals
Rogers, BCE Buy Maple Leaf Sports in C$1.32 Billion Deal
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Rogers Communications Inc. and BCE Inc. agreed to buy a controlling stake in Maple Leaf Sports & Entertainment Ltd. in a C$1.32 billion ($1.3 billion) deal to own the most valuable team in the National Hockey League.
Rogers and BCE, Canada’s two largest phone companies, will buy a 75 percent stake in Maple Leaf Sports from Ontario Teachers’ Pension Plan in a cash transaction. Canadian businessman Larry Tanenbaum will increase his holding to 25 percent from 20 percent, according to statements today.