BCE Sells Its Stake In Maple Leaf Sports And Entertainment For CAD$4.7 Billion

Benzinga · Sep 18, 2024 20:51

BCE sells its stake in Maple Leaf Sports and Entertainment (MLSE) for CA$4.7 billion
Long-term content rights agreement ensures TSN's place as Canada's Sports Leader
TSN to remain home of Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts and Toronto FC games
Bell remains official telecom sponsor of the Toronto Raptors, and continues sponsorships of Toronto Argonauts and Toronto FC

MONTRÉAL, Sept. 18, 2024 /CNW/ - BCE Inc. today announced that it has reached an agreement to sell its ownership stake in MLSE for CA$4.7 billion to Rogers Communications Inc. ("Rogers"), subject to relevant sports league and other customary approvals. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to techco with a focus on core growth drivers.

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BCE Sells Its Stake In Maple Leaf Sports And Entertainment For CAD$4.7 Billion

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