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

The Toronto Raptors ownership is shifting around, but nothing much will change for the franchise. The Raptors and the NHL's Maple Leafs are owned by Maple Leaf Sports and Entertainment (MLSE). Rogers Communications and Bell (BCE) each own 37.

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.