Rogers Communications acquired full control of Maple Leaf Sports & Entertainment, paying C$4.7 billion for BCE's 37.5% stake and cementing 75% ownership of Canada's largest sports conglomerate. Per Matchex data, MLSE operates four professional franchises across NHL, NBA, MLS, and CFL plus Scotiabank Arena—a vertically integrated model generating recurring revenue from ticket sales, media rights, and venue operations. The consolidation eliminates governance friction and enables Rogers to weaponize MLSE's media rights portfolio against incumbent broadcasters, particularly in renegotiating NHL and NBA deals where Canadian audiences command premium rates due to limited supply.