Rogers in talks to buy Toronto Maple Leafs: report

Wed Dec 1, 2010 2:54am EST
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BANGALORE (Reuters) - Canada's Rogers Communications is in discussions to acquire professional hockey team Toronto Maple Leafs in a deal worth more than C$1 billion ($975.6 million), the Toronto Star reported, citing sources.

The asking price for the 66 percent stake in Maple Leafs Sports and Entertainment, the hockey team's parent owned by the Ontario Teacher's Pension Plan, is in the ballpark of C$1.3 billion, the paper cited sources close to the talks as saying.

The potential sale includes the Raptors, Toronto FC soccer club and the Marlies, the minor league hockey team, the Star said. Rogers, the Toronto-based cable and telecommunications provider, could not be reached for comment by Reuters.

($1=1.025 Canadian Dollar)

(Reporting by S. John Tilak in Bangalore)