Rogers buys Leafs, Raptors for $1.3B (AP)

[ASFN Admin]

Canada's largest telecommunication companies announced Friday they have agreed to buy the NHL's Toronto Maple Leafs and NBA's Toronto Raptors in a billion-dollar deal as the fierce telecom rivals seek content for their sports channels, digital properties and smartphones. Rogers Communications and BCE Inc purchased a majority stake in Maple Leaf Sports and Entertainment from the Ontario...

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