Lately, we’ve been getting the news from The Decibel, the Globe and Mail’s daily news podcast.
In this bonus episode, Lately’s sister pod reveals what it took for Rogers to outmaneuver the competition and buy up some of the biggest sports teams in Canada.
A colossal business deal recently took place when a set of rivals came to an unexpected agreement. Rogers Communications Inc. bought BCE Inc.’s 37.5-per-cent stake in Maple Leaf Sports & Entertainment for $4.7-billion. The transaction makes Rogers the majority owner of all of Toronto’s major professional sports teams.
Andrew Willis, a columnist and reporter for The Globe and Mail’s Report on Business, explains to Decibel host Menaka Ramn-Wilms how Rogers has the money to do this, why Bell agreed to sell to a major competitor and how investors may be able to buy their own stake in their favourite sports team one day.
Questions? Comments? Ideas? Email thedecibel@globeandmail.com
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