BCE Inc. announced today it will sell its stake in Maple Leaf Sports & Entertainment (MLSE) to Rogers Communications for CA$4.7 billion. The deal is expected to close by mid-2025, pending necessary approvals. BCE plans to use the proceeds to reduce debt and focus on its transformation into a tech company.
As part of the agreement, Bell Media’s TSN network has secured long-term broadcasting rights for the Toronto Maple Leafs and Raptors for the next 20 years. BCE will remain the telecom sponsor for the Raptors, Argonauts, and Toronto FC.
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