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cw said:Sale of MLSE to Rogers, Bell is close
Sources have told QMI Agency that a deal worth as much as $2 billion is close to being settled with telecommunications behemoths Bell Media and Rogers Communications, who have been rivals in the past for the much desired 79.5% shares of MLSE.
Bell and Rogers represent TSN and Sportsnet, the No. 1 and 2 sports broadcasting powers in Canada, but they will call a truce and split the shares with so many lucrative deals to be spun off their union.
An announcement could come as early as Friday, but there are many moving pieces that could delay the final sale until closer to Christmas
...
It was just two weeks ago that the Teachers announced they were taking the shares off the market after an eight-month search did not produce the desired price. At the time, industry analysts concluded that only a joint venture of some kind between broadcasting kingpins would fetch the big dollars that Teachers was seeking and the November announcement can now likely be put down to a game of high-stakes poker
Haven't found a confirming source for that story yet
Saint Nik said:The Maple Leafs corporate owners making a huge profit on the sale of the team? That's kind of like your Stanley Cup, right?
Fanatic said:I have no idea where a guy like Steve Simmons would get this kind of info, but:
simmonssteve steve simmons
Don't be the least bit surprised if former CFL commissioner John Tory replaces Richard Peddie as new CEO once ownership dust settles
Fanatic said:I have no idea where a guy like Steve Simmons would get this kind of info, but:
simmonssteve steve simmons
Don't be the least bit surprised if former CFL commissioner John Tory replaces Richard Peddie as new CEO once ownership dust settles
Fanatic said:I have no idea where a guy like Steve Simmons would get this kind of info, but:
simmonssteve steve simmons
Don't be the least bit surprised if former CFL commissioner John Tory replaces Richard Peddie as new CEO once ownership dust settles
cw said:
Fanatic said:I find it interesting that Rogers was ready to go ahead with the whole thing and then backed off to bring in Bell. Yet the stories at the time which were being reported were along the lines that the team was no longer for sale.
Liar liar. 8)
cw said:Fanatic said:I find it interesting that Rogers was ready to go ahead with the whole thing and then backed off to bring in Bell. Yet the stories at the time which were being reported were along the lines that the team was no longer for sale.
Liar liar. 8)
M & A stats are something roughly like 9 out of 10 deals fall through after a letter of intent is signed.
Sometimes, it's a ploy for a party to get their way or milk one last concession out of the deal. They dangle the deal. Everyone sees that it's just dripping with money that causes severe salivation of greed. And then a party pulls it back .... driving the other party to extreme greedy hunger and that final concession.
I wonder if Rogers has Bell involved so they don't run into a CRTC broadcasting issue or a monopoly issue. Just a curious guess as Rogers could afford to get this on their own.
CBC has to be concerned today.
Having two competitors at the table is probably where the argument occurred - bickering over their cut of the broadcasting steak.
The next hurdle if the deal has gone as far as reported is getting the lawyers to agree on the language - which is often an area of dispute. In this case, they have a three or four headed monster that has to get along (the 4th being Tanenbaum). Given it was reported they were close before, maybe this is where they ran into problems that they've since overcome.
The deal is never really done until the bank clears the wire transfer.
Saint Nik said:I don't know about you guys but I'm pretty jazzed. My #1 complaint as a Leafs fan is that my following the team wasn't as seamlessly integrated across various media platforms as I'd like. Why, as a male in the coveted 18-34 demographic, I have a great deal of disposable income and I'm not entrenched in my brand loyalties. With any luck, not only will my access to the team be increased by slickly produced content that I can stream from anywhere but I can also receive important information from the team's corporate partners, alerting me to products that they've specifically tailored to my interests, as derived from a profile of my web usage.