Jul 8, 2026
Rogers (RCI-B) has finally consolidated MLSE, buying Kilmer’s 25% stake for $4.4B which implies an enterprise value of $17B (24% of total). Packaged with the rest of its media assets…
… management expects to sell a 20-30% stake at a $25B valuation, which would generate ~$6B of proceeds for leverage reduction (15% of total debt).
More importantly, a partial sell down would formally mark the sports and media segment - which should be reflected in RCI’s valuation going forward.
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