Rogers Communications Inc. and BCE Inc. are on the verge of a deal to purchase a majority stake in Maple Leaf Sports and Entertainment for more than $1.3-billion in a deal that could be announced in a matter of days.
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Sources say the telecommunications giants have reached a draft agreement with the Ontario Teachers’ Pension Plan to acquire about 80 per cent of MLSE, which owns the Toronto Maple Leafs, Toronto Raptors and a host of other assets.
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In particular, Rogers and BCE have won the support of minority owner Larry Tanenbaum, who owns 20 per cent of MLSE and has right of first refusal on any offer. His support clears a major hurdle for any deal.
http://www.theglobeandmail.com/globe-in ... le2265448/
Uh.. What the fuck?
