Rogers Communications finalised its buyout of the remaining 37.5 percent stake in Maple Leaf Sports and Entertainment from Kilmer Sports for $4.35 billion.
The deal renders Rogers the sole owner of MLSE.
This move increases Rogers' control across the Toronto Maple Leafs, Toronto Raptors, and other teams within the company's athletic portfolio.
Multiple outlets reported the closed transaction on Monday.
Rogers previously kept a majority stake in MLSE alongside Kilmer Sports.