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Canada Regulator Won’t Challenge Rogers, BCE on Leafs Sale

May 2 (Bloomberg) -- Canada’s Competition Bureau said it issued a “no action” letter to BCE Inc. and Rogers Communications Inc. regarding their proposed acquisition of Maple Leaf Sports & Entertainment Ltd.

Under Canadian law, the bureau can still challenge the acquisition for one year after it’s completed, and is “actively reviewing” the transaction, the bureau said in a statement.

Rogers and BCE said Dec. 9 they agreed to buy a controlling stake in MLSE in a C$1.32 billion ($1.34 billion) deal to own the Toronto Maple Leafs of the National Hockey League and the Toronto Raptors of the National Basketball Association.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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