Rogers gets Competition Bureau clearance to proceed with purchase of Bell’s stake in MLSE

Rogers Communications last week announced it has received clearance from the Competition Bureau to proceed with its acquisition of Bell’s 37.5-per-cent stake in Maple Leaf Sports & Entertainment (MLSE). Rogers said the two telecom giants received a “no-action letter” on Dec. 12 from the Bureau, indicating the Commissioner of Competition will not challenge Rogers’s acquisition of Bell’s interest in MLSE, a deal announced in September and valued at $4.7 billion. The acquisition is still subject to league approvals and approval from the CRTC. MLSE owns the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts, as well as Toronto-area minor league franchises and...