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The average NHL team is now valued at $1.92 billion, reflecting a significant rise due to steady revenue growth, a hard salary cap, and a revenue-sharing system. For the 2023-24 season, the league"s hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipts contributing to improved profitability across all franchises.
BCE Inc., Canada’s largest telecommunications company, is expanding into the U.S. market with a $3.6 billion acquisition of Northwest Fiber LLC, which operates as Ziply Fiber. This deal will enhance BCE's presence in the Pacific Northwest, adding 1.3 million fiber locations across Washington, Oregon, Idaho, and Montana.
Blackstone Inc. is nearing a C$7 billion ($5 billion) deal to acquire a minority stake in parts of Rogers Communications Inc.'s wireless infrastructure. This structured-equity transaction aims to help Rogers manage its debt as it pursues a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.
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