Rogers Communications Inc. has entered into an agreement with Kilmer Group to acquire the remaining 25% stake in Maple Leaf Sports & Entertainment Ltd. (MLSE), becoming the owner of Canada's largest sports company. This is reported in a press release from Rogers.
The value of the transaction is 4.35 billion Canadian dollars ($3.1 billion) with a total MLSE capitalization of 17.4 billion Canadian dollars ($12.2 billion).
As part of the deal, Rogers gains full control over the parent company of the Toronto Raptors basketball club and hockey team. Toronto Maple Leafs. Rogers first acquired a stake in MLSE in 2012, buying out 37.5% of the shares from competitor BCE Inc., and in 2025 acquired the entire share of BCE for 4.7 billion Canadian dollars, increasing the stake to 75%.
The deal is expected to close in the fourth quarter of 2026, after regulatory approval, which will combine MLSE with other sports assets, including Major League Baseball's Toronto Blue Jays, one of Canada's two sports television networks, as well as Toronto's largest stadium and concert venues.
At the same time, Rogers intends to sell a minority stake in the combined company, which will be worth more than 20 billion Canadian dollars, in 2027.
Rogers Communications Inc. is a major Canadian telecommunications and media company in the communications, media and sports entertainment market in Canada. The headquarters is located in Toronto (Canada).
MLSE is one of the largest sports and entertainment companies in North America. The company owns sports franchises in four of the six major professional leagues. USA and Canada, and also manages several sports facilities. The headquarters is located in Toronto (Canada).
Kilmer Group is a Canadian investment company headquartered in Toronto, Canada.Read our Telegram channel "Mergers and Acquisitions. AK&M».
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