Rogers could turn MLSE into sports powerhouse worth $16.5 billion, say analysts [Financial Post (Toronto, Ontario, Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Financial Post
Get the latest from Barbara Shecter straight to your inbox You can save this article by registering for free here . Or sign-in if you have an account. Rogers Communications Inc. could turn a newly acquired control stake in Maple Leaf Sports & Entertainment into a multi-sport-franchise powerhouse with a value of at least $16.5 billion, according to a National Bank Financial analysis of the properties, which could then be spun out through an IPO. Rogers will initially own 75 per cent of Maple Leaf Sports and Entertainment Ltd. , which controls the Toronto Maple Leafs, Toronto Raptors, Toronto FC, Toronto Argonauts, Toronto Marlies, Scotiabank Arena and NBA TV, following the closure of its deal to acquire BCE Inc.'s 37.5 per cent stake for $4.7 billion. That transaction implies an overall valuation of $12.5 billion for MLSE, according to an analysis led by telecom analyst Adam Shine, which would then climb once the sports properties Rogers already owns — The Toronto Blue Jays
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RCI
Earnings
- 7/24/24 - Beat
RCI
Sec Filings
- 9/18/24 - Form 6-K
- 7/24/24 - Form 6-K
- 7/24/24 - Form 6-K
- RCI's page on the SEC website