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Regulator accepts Maple Leaf Sports deal

Reuters
4:59 PM, E.T. | May 2, 2012
Technology
Tags: BCE, Rogers Communications
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The Competition Bureau said on Wednesday it won't challenge a proposal by BCE Inc. (BCE-T) and Rogers Communication Inc. (RCI.B-T) to acquire a majority stake in Maple Leaf Sports and Entertainment for $1.32 billion.

The two media companies agreed in December to acquire a 75 percent stake in the owner of the National Hockey League's Toronto Maple Leafs and other sports teams from Ontario Teachers Pension Plan.

BNN is a division of Bell Media, which is wholly owned by BCE Inc.

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