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Rogers Buys Out Larry Tanenbaum's Raptors Stake for $3.06 Billion

Original: Billionaire Larry Tanenbaum Sells Remaining Toronto Raptors Stake for $3.06 Billion Rogers Communications, the Canadian

Canadian billionaire Larry Tanenbaum has sold his remaining stake in the Toronto Raptors to Rogers Communications for $3.06 billion. The deal gives Rogers, which previously held 75% of Maple Leafs Sports & Entertainment, full control of the parent company of the NBA team. The transaction marks a major shift in ownership of one of Canada's most valuable sports franchises and ends Tanenbaum's long-standing role at the top of the organization.

Why now: A multi-billion-dollar ownership change at a major NBA franchise is significant sports and business news.

Larry TanenbaumToronto RaptorsRogers CommunicationsMaple Leafs Sports & EntertainmentNBA

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• Billionaire Larry Tanenbaum Sells Remaining Toronto Raptors Stake for $3.06 Billion Rogers Communications, the Canadian media giant that previously owned 75% of Maple Leafs Sports & Entertainment, has now taken full control of the parent company of the NBA team Toronto Raptors.… · sportbursts · 1

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