Rogers Communications Inc. is buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.
Bell Canada Enterprises (BCE Inc.), which owns 37.5 per cent of MLSE, 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 company.
CBC has this to add:
What the hell are they doing over there?
LMAO @ “tech” company. They are trying to get higher valuation. I don’t see that happening.
It sounds like MBA word salad. “We’re adding AI to the phone system somehow”.