Rogers Communications is buying out Bell’s 37.5% share of Maple Leaf Sports & Entertainment for $4.7 billion ($3.5 billion U.S.), giving it 75% ownership of the sports conglomerate. Rogers and Bell had held equal shares of MLSE,

Rogers Communications announced it has purchased Bell Canada Enterprises' 37.5% stake in Maple Leaf Sports and Entertainment for $4.7 billion, giving the media giant a majority stake ownership of Canada's largest and most valuable sports conglomerate.

Rogers Communications (RCI.B) is taking control of Maple Leaf Sports & Entertainment in a deal valued at $4.7 billion. Rogers is buying BCE’s (BCE) 37.5% share of the sports conglomerate, a move that will leave Rogers with 75% control of the company