Bell Media and Rogers Communications bought out the Ontario Teachers Pension Plan's stake in the MLSE. The OTPP currently holds a 79.5% stake in MLSE and this deal is reportedly worth $1.3 billion.
MLSE currently owns three Toronto sports teams: the Leafs (NHL), the Raptors (NBA), and Toronto FC (MLS). They also own the Toronto Marlies (minor league hockey) and the ACC. Rogers already owns the Blue Jays and the Rogers centre.
This is an odd partnership because these are the two biggest competitors in the media and communications market in Canada. They are each others' main competition when it comes to pretty much anything, so how will they co-exist? Who gets the broadcasting rights, the radio rights?
I wonder how fans will feel about one company (Rogers) having a stake in all the sports teams in the city, and having a stake in the two major stadiums (Rogers Centre and ACC) as well. I guess Canadians won't mind since they are used to being overcharged for services from these two companies.
