Friday, December 9, 2011
Toronto Maple Leafs, Raptors sold to Rogers and BCE; competition bureau to vet takeover
The Ontario Teachers’ Pension Plan announced on Friday that will sell its 79.5 per cent stake in Maple Leaf Sports and Entertainment, owners of the Toronto Maple Leafs, to Rogers Communications and BCE for $1.32 billion. The companies made the announcement in a morning news conference at the Air Canada Centre to confirm the blockbuster deal. MLSE also owns the Raptors of the NBA, Toronto FC of Major League Soccer, the Marlies of the American Hockey League, the Air Canada Centre, two specialty television channels and Maple Leaf Square, a condominium development adjacent to the arena. Under the agreement, Rogers and Bell Canada will divide their 75 per cent share of MLSE evenly. And Larry Tanenbaum whose firm, Kilmer Sports, owned 21.47 per cent of MLSE increases its ownership to 25 per cent. The federal competition watchdog has announced that it will vet the takeover. “The Competition Bureau will be investigating the transaction to see if it results in a lessening or prevention of competition,” said a spokesperson for Melanie Aitken, the head of the federal bureau charged with rooting out anti-competitive corporate behaviour. Noting that news of the deal only broke early Friday, the spokesperson couldn’t say how long the investigation would take.
- ► 2019 (47)
- ► 2018 (137)
- ► 2017 (183)
- ► 2016 (278)
- ► 2015 (321)
- ► 2014 (262)
- ► 2013 (365)
- ► 2012 (644)
- Canadian communists mourn Kim Jong Il
- Star exclusive about 911 Christmas Day call
- Tyler Anderson named news photog of the year
- Not everything funny in Canadian comedy: Joe Bodolai
- N.Y. Times selling U.S. regional newspapers
- N.Y. Times sent e-mail to eight million people by ...
- Google, Facebook top Internet destinations in 2011
- BCE to buy back up to 2.1 million shares
- CP Editors pick Tory majority as story of the year...
- Newspaper to pay damages after readers burned atte...
- Warren Buffet completes hometown newspaper purchase
- N.Y Times to re-start negotiations with union afte...
- Volkswagen unplugs after-hours BlackBerry use
- Torstar to acquire Blue Ant Media
- What will Star do with high-brow properties
- More Piers Morgan squirming under questioning
- Guardian pans Piers Morgan at media inquiry
- Killing of bin Laden AP's top news story of 2011
- CTV News Channel unveils new set, format
- No free press in DPRK
- CBS to revive Murrow epic Person to Person
- Metroland closes 6 weeklies in Ottawa area
- Christopher Hitchens, militant pundit, essayist an...
- Britain's top judge relaxes rules on court tweets
- Crown applies to have Stanley Cup riot cases telev...
- 'Monochromatic, nervous and no charisma': Critics ...
- Los Angeles Times editor to step down this month; ...
- Former hockey star calls for firing of Montreal Ga...
- Calgary columnist says E-mails no substitute for r...
- Shaw paid $25.5-million to retired CEO Jim Shaw
- Bell must share mobile NHL with other telcos
- William (Bill) MacDougal, CP veteran, dies at 76
- BBC admits faking footage of polar bears
- Martyn Burke doc about journalists in combat scree...
- Interesting feature interview with Jill Abramson o...
- Man publishes fake obit of mother to get time off ...
- Newspaper's union slams Mayor Ford's shutout of Th...
- Toronto Maple Leafs, Raptors sold to Rogers and BC...
- Paul Godfrey on Postmedia shakeup
- NDP winner must face Tout le monde en parle
- Terrance Wills dead at age 73
- British put 300 years of newspaper articles online
- British MP criticized for Auschwitz remark
- City News on Cable 15, Sun News gets lost
- Buffett muses on future, and value, of newspapers
- Warren Buffett buys his hometown paper
- The Chronicle Herald publisher dies at 84
- Todd van der Heyden Toronto-bound
- Sun TV Photoshops out former anchor, inserts new one
- Andrew Coyne leaving Macleans to write for PostMedia
- Toronto Star taking mayor Ford's shutout to City's...
- U.S. TV ownership declines for first time in Niels...
- ▼ December (52)
- ► 2010 (1055)