Ed Rogers will have achieved his desire of total power over MLSE if Rogers' deal to acquire Bell's 37.5% stake is completed.

For over a decade, all of Toronto’s sport teams were owned by two telecommunications companies: Bell and Rogers. But that has changed with today's massive announcement.

Rogers Communications is buying out Bell’s 37.5% share of Maple Leaf Sports & Entertainment for $4.7 billion ($3.5 billion U.S.), giving it 75% ownership of the sports conglomerate. Rogers and Bell had held equal shares of MLSE,

Rogers signed a deal to purchase Bell’s 37.5 percent ownership stake in MLSE, which owns the Maple Leafs and Raptors.

The takeover has begun. On Wednesday morning, Rogers controlling interest in the Toronto Maple Leafs when it purchased Bell’s 37.5 percent stake of Maple Leaf Sports & Entertainment at a whopping $4.7 billion Canadian ($3.5 billion US). The sale would put a $9.3 billion US valuation on MLSE.

Rogers Communications this morning announced it has signed an agreement to buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment for C$4.7B.

Rogers Communications has acquired BCE (Bell)'s stake in Maple Leaf Sports and Entertainment, the parent company of the Raptors, according

The Canadian telecommunications giant will become the controlling owner of the multi-team corporation with a 75% stake.

In buying out Bell's ownership share of Maple Leaf Sports & Entertainment, Rogers Communication is going all-in.

Shares of BCE (BCE.TO)(BCE) rose on Wednesday while Rogers Communications' (RCI-B.TO)(RCI) stock dipped, after it was announced that Rogers will buy BCE's minority stake in Maple Leaf Sports and Entertainment (MLSE) for $4.