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Rogers Becomes Majority Owner of Maple Leaf Sports & Entertainment

1. Rogers acquired BCE’s 37.5% stake in MLSE for C$4.7 billion. 2. Rogers now holds a 75% interest in the prestigious MLSE. 3. The acquisition enhances Rogers’ leadership in Canadian sports. 4. Rogers plans to continue investing in sports championships in Canada. 5. Funding came from bank credit facilities and available cash.

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Why Bullish?

The acquisition strengthens RCI's position in a lucrative sector. Historical evidence shows increased valuations following similar strategic acquisitions in sports properties.

How important is it?

Acquiring the majority stake in a valuable asset like MLSE is a substantial growth indicator for RCI, aligning with its strategic goals.

Why Long Term?

This strategic move is expected to yield benefits over years, as investments in sports assets typically generate elevated revenue through media rights and fan engagement.

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July 02, 2025 13:00 ET  | Source: Rogers Communications Canada Inc. ​Closes transaction to acquire BCE’s 37.5% ownership stake in MLSE​Strengthens commitment to Canadian sports ​Will invest to bring championships to Canada​ TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) today announced it has closed its transaction to acquire BCE’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. Rogers is now the largest owner with a 75% interest in MLSE. ​​“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to be the majority owner of these iconic sports teams,” said Tony Staffieri, President and CEO, Rogers. “Live sports are a core part of our business and core to the fans who live and breathe every moment.”​ Rogers has invested over $15 billion in Canadian sports over the past decade and will continue to invest to bring championships to Canada. ​ “We’re passionate about winning and we’re committed to bringing more championships to fans in Canada,” said Edward Rogers, Executive Chair, Rogers.​ The acquisition expands Rogers leadership in Canadian sports, adding to its portfolio that includes the Toronto Blue Jays, Rogers Centre and Sportsnet – the number one sports network in Canada. Rogers also has long-term strategic partnerships with the NHL including a new 12-year agreement for the national media rights through 2037-2038, and with the Vancouver Canucks, Edmonton Oilers and Calgary Flames.​​The transaction closed effective July 1 after receiving all necessary regulatory and league approvals.​ The purchase price was primarily funded from revolving bank credit facilities together with cash on hand. “MLSE is a valuable and appreciating asset and this investment positions us to unlock more value for Rogers shareholders,” added Staffieri. “We’re building something that lasts – on the ice, on the court, on the field, and across the country.” ​About Rogers Communications Inc.Rogers is Canada’s leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com. For further information:Media Relationsmedia@rci.rogers.com1-844-226-1338 Investor Relationsinvestor.relations@rci.rogers.com1-844-801-4792

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