Rogers completes C$4.35B MLSE buy to 100% ownership

Rogers said on October 1, 2026 that it has completed its acquisition of Maple Leaf Sports & Entertainment, taking ownership to 100% by buying Kilmer Sports’ remaining 25% stake for C$4.35 billion.

Rogers closed its purchase of the remaining Maple Leaf Sports & Entertainment stake on October 1, 2026 — a sealed Completes announcement, not another pending-deal update.

Completes on October 1

Rogers Communications Inc. (NYSE: RCI; TSX: RCI.A and RCI.B) said on Oct. 1, 2026 that it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership of MLSE to 100%. Rogers acquired the remaining 25% ownership stake in MLSE from Kilmer Sports Inc. for C$4.35 billion. The Completes release is posted on Rogers’ About news page and furnished to the SEC as Exhibit 99.1 to Form 6-K AccNo 0001193125-26-410610 (filed Oct. 1, 2026).

President and CEO Tony Staffieri framed the close as bringing “these beloved teams together with the rest of Rogers” and restated a commitment to invest in championship-calibre teams, the fan experience, and customer experiences. Executive Chair Edward Rogers emphasized stewardship of teams that are “part of the fabric of our communities and our country.”

What MLSE and Rogers put together

Completes lists MLSE’s assets as the Toronto Maple Leafs (NHL), Toronto Raptors (NBA), Toronto FC (MLS), Toronto Argonauts (CFL), development teams affiliated with Toronto’s NHL and NBA franchises, Scotiabank Arena, and MLSE’s partnership with Live Nation. Rogers’ current sports and entertainment portfolio, Completes says, includes the Toronto Blue Jays, Rogers Centre, Sportsnet, along with over 30 television networks and over 40 radio stations.

Rogers will create a new business unit, Rogers Sports, that brings Rogers sports, media and entertainment businesses together including MLSE and the Toronto Blue Jays. During the interim, Completes says it remains business as usual: Keith Pelley remains President and CEO of MLSE and takes additional accountability for Rogers Media effective immediately; Mark Shapiro remains President and CEO of the Toronto Blue Jays.

What the July 2026 agreement set

The Completes release confirms closing and restates the C$4.35 billion price for the remaining 25% stake. That same C$4.35 billion figure was disclosed when Rogers announced the agreement on July 6, 2026, with the transaction then subject to league approvals and expected to close in Q4 2026 — now sealed by the October 1 Completes.

Readers should keep the layers straight: October 1 Completes seals consummation and restates C$4.35 billion / remaining 25% / 100% ownership; July 6 is the agreement announcement and expected-close context.

Why the close matters

A Completes release on October 1 turns the previously announced MLSE minority buyout into a sealed close for a sizable Canadian sports and media combination. For readers tracking media/sports M&A, the distinction that matters is sealed Completes versus priced-or-signed-but-not-closed — this one is closed on Rogers’ Completes disclosure and the accompanying Form 6-K exhibit.

Sources & evidence

Primary Completes: Rogers Completes Acquisition of Maple Leaf Sports & Entertainment (About Rogers, Oct. 1, 2026). Primary filing: Form 6-K AccNo 0001193125-26-410610 EX-99.1 (Oct. 1, 2026). Supporting announce: Rogers to Become 100% Owner of Maple Leaf Sports & Entertainment (July 6, 2026).