Rogers Communications (RCI) announced it has received clearance from the Competition Bureau to proceed with the acquisition of Bell’s 37.5% stake in Maple Leaf Sports & Entertainment. Rogers and Bell received a “no-action letter” on December 12 from the Bureau, indicating that the Commissioner of Competition does not intend to challenge Rogers acquisition of Bell’s interest in MLSE. The deal is subject to league approvals and approval from the CRTC. In September, Rogers announced a deal to acquire Bell’s stake in MLSE for C$4.7B to become majority owner of MLSE.
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