TORONTO — Rogers Communications has struck an agreement to buy sports broadcaster Score Media Inc. in a transaction valued at $167 million, or $1.62 per share.
The purchase price includes assumption of Score Media debt and an investment of $12 million in Score Digital.
Shares of Score Media (TSX:SCR) jumped nearly 47 per cent Friday after reports that the specialty TV sports broadcaster was in discussions to be purchased by Rogers (TSX:RCI.B).
Score Media, which owns the Score Television Network, rose 49 cents to $1.54 on the Toronto Stock Exchange before its stock was halted pending news just before noon Friday.Potentially huge news for Canadians. Rogers Sportsnet is our go-to UFC channel, they show a ton of it. The Score has Bellator, a day late, and Score Fighting Series and a bit of smaller stuff too.