TORONTO — Rogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports &amp; Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.

Rogers and Bell had held equal shares of MLSE, which owns the NHL Maple Leafs, NBA Raptors, CFL Argonauts, MLS Toronto FC and AHL Marlies.

MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns a 20 per cent stake in MLSE after selling a five per cent share to OMERS, a Canadian pension fund, in the summer of 2023.

Rogers, which owns Sportsnet, already owns Major League Baseball's Blue Jays and its Rogers Centre home.{ai:summary}<p>Rogers Communications Inc. has agreed to acquire Bell’s 37.5% stake in Maple Leaf Sports & Entertainment for $4.7 billion, resulting in a 75% ownership in the sports group. MLSE owns major sports teams, including the NHL's Maple Leafs and NBA's Raptors.  </p><p>Larry Tanenbaum controls a 20% share in MLSE through Kilmer Sports Inc., after recently selling part of his stake to OMERS, a Canadian pension fund. #sports</p>

Rogers Communications to buy out Bell’s share of MLSE, which owns the Maple Leafs, for $4.7 billion

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