
Rogers Communications (RCI) announced on Wednesday that it would pay C$4.7 billion ($3.5 billion) for 37.5% of Maple Leaf Sports & Entertainment (MLSE), owner of some of Canada’s most valuable sports properties, including the NBA’s Toronto Raptors and NHL’s Toronto Maple Leafs.
Americans might be unfamiliar with MLSE, but having spent most of my life in Toronto -- I now live in Halifax on Canada’s east coast -- it was a big news story.