Bell has sold its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors,┬аto Rogers Communications for $4.7 billion.
Bell will remain official telecom sponsor for Raptors
Bell has sold its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto Raptors,┬аto Rogers Communications for $4.7 billion.
Bell Canada Enterprises (BCE┬аInc.) said in a Wednesday press release that the deal is expected to close in mid-2025.
The company said that it is selling its ownership stake to reduce its debt and “support its ongoing transformation” from a telecommunications firm to a tech┬аcompany.
Pending approval from each league, Bell Media says it has also secured content rights┬аto the Toronto Maple Leafs and Toronto Raptors on TSN┬аfor the next 20 years through a long-term agreement with Rogers.
Rogers and Bell closed a deal to jointly acquire┬аa 75 per cent stake in MLSE in 2012.
More to come.┬а
