Rogers and Bell Get Green Light as Bureau Clears MLSE Takeover

Sports and Competition Sports and Competition

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[ Mon, Dec 16th 2024 ] - iPhone in Canada

Rogers and Bell Get Green Light as Bureau Clears MLSE Takeover

^{Published on 2024-12-16 13:45:20 - iPhone in Canada}

Rogers has taken a big step toward becoming the majority owner of Maple Leaf Sports & Entertainment (MLSE), which owns major sports franchises such as the Toronto Maple Leafs and Toronto Raptors. On December 12,

The article from iPhone in Canada reports that Rogers and Bell have received approval from the Competition Bureau for their acquisition of a stake in Maple Leaf Sports & Entertainment (MLSE). This approval allows the telecom giants to proceed with their investment in MLSE, which owns several major sports teams including the Toronto Maple Leafs, Raptors, and Toronto FC. The deal, which has been under scrutiny for potential anti-competitive effects, was cleared after the Bureau determined that it would not likely prevent or lessen competition substantially in the relevant markets. This move is seen as a strategic expansion for both companies into the sports and entertainment sector, potentially enhancing their content offerings and customer engagement through sports broadcasting and related media rights.

Read the Full iPhone in Canada Article at:
[ https://www.iphoneincanada.ca/2024/12/16/rogers-and-bell-get-green-light-as-bureau-clears-mlse-takeover/ ]

N@N

Rogers and Bell Get Green Light as Bureau Clears MLSE Takeover