Rogers to Acquire Remaining MLSE Stake, Becoming 100% Owner
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Rogers Communication ( ($TSE:RCI.B) ) has provided an announcement.
Rogers Communications Inc. announced on July 6, 2026 that it has signed an agreement to acquire the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. for C$4.35 billion, moving from majority to full ownership of the Toronto-based sports and entertainment group. The deal, which is subject to league approvals and expected to close in the fourth quarter of 2026, is intended to deepen Rogers’ integration of its connectivity, media and sports assets and bolster its competitive position in Canada’s crowded telecom and media markets.
The company highlighted plans to leverage full ownership of MLSE to invest further in championship-level teams, enhance fan experiences, and create more bundled offers and rewards for Rogers customers, including expanded access to tickets and premium events. Rogers said MLSE remains a highly appreciating asset and that consolidating these franchises under one owner should support long-term shareholder value, with the transaction financed from committed liquidity and a planned sale of a minority stake in its combined sports, media and entertainment assets over the coming year.
The most recent analyst rating on ($TSE:RCI.B) stock is a Buy
with a C$63.00 price target.
To see the full list of analyst forecasts on Rogers Communication stock,
see the TSE:RCI.B Stock Forecast page.
Spark’s Take on RCI.B Stock
According to Spark, TipRanks’ AI Analyst, RCI.B is a Neutral.
The score is driven primarily by strong reported profitability and steady revenue growth, tempered by balance-sheet leverage and mixed cash conversion. Valuation is supportive (mid-teens P/E with a ~4% yield), while technical indicators point to mild positive momentum but not a strong longer-term uptrend.
To see Spark’s full report on RCI.B stock,
click here.
More about Rogers Communication
Rogers Communications Inc. is a major Canadian communications, sports and entertainment company with publicly traded shares on the Toronto and New York stock exchanges. Its portfolio spans wireless and cable connectivity, media assets including Sportsnet, and ownership of key sports properties such as the Toronto Blue Jays and Rogers Centre, alongside strategic partnerships with major North American leagues.
YTD Price Performance: -11.35%
Average Trading Volume: 2,100,944
Technical Sentiment Signal: Sell
Current Market Cap: C$24.48B
See more data about RCI.B stock on TipRanks’ Stock Analysis page.
