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TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) — Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) announced today that it has received approval from the Competition Bureau to proceed with the acquisition of Bell’s 37.5% stake. At Maple Leaf Sports & Entertainment.
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Rogers and Bell received a “no-action letter” on December 12, 2024 from the Bureau, indicating that the Competition Commissioner did not intend to challenge Rogers’ acquisition of Bell’s interest in MLSE.
The deal is subject to league approvals and CRTC approval.
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“This represents an important step in obtaining approvals and expanding our ownership of MLSE, one of the most prestigious sports and entertainment organizations in the world,” said Tony Staveri, President and CEO of Rogers. “As Canada’s leading communications and entertainment company, live sports and entertainment are an important part of our core business strategy.”
In September, Rogers announced a deal to acquire Bell’s stake in MLSE for C$4.7 billion to become the majority owner of MLSE.
About Rogers Communications
Rogers is Canada’s leading communications and entertainment company and is publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or rogers.com.
For more information:
Media relations
media@rci.rogers.com
1-844-226-1338
Investor relations
investor.relations@rci.rogers.com
1-844-801-4792
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