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Rogers strikes deal to buy Score Media

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Gogoplatapus

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Montreal Gazzette


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.

Post #1   8/27/12 7:25:19PM   

Bubbles

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If Rogers has a deal with the UFC by airing prelims and free cards on Sportsnet, then what will that do with the Score and Bellator? I guess we can watch it on Spike but its not in HD.

I really hope they leave the format of the Score alone. Such a great channel to check constant ticker updates and they have some decent programming. I only ever watch Sportsnet for UFC stuff and Blue Jays games

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Post #2   8/28/12 12:04:15AM