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The telecom giant agreed to buy Kilmer’s remaining 25 per cent stake in Maple Leaf Sports and Entertainment, giving it full ownership of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts. (The Logic)
Talking point: Rogers’ media segment—which, prior to the deal, included the Toronto Blue Jays and a 75 per cent stake in MLSE—has been a major driver of growth for the business as wireless and cable revenue stagnates. In a note, Scotiabank analyst Maher Yaghi said the deal implies a $17.4-billion valuation for MLSE, 39 per cent higher than it was when Rogers bought Bell’s 37.5 per cent stake for $4.7 billion in 2024. Rogers reiterated plans to sell a minority stake in its consolidated sports, media and entertainment business within the next year. The deal still needs league approvals. Rogers said it expects the transaction will close in the fourth quarter of 2026.
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