Rogers Communications Inc. has completed its acquisition of Maple Leaf Sports & Entertainment (MLSE), buying the remaining 25% stake from Kilmer Sports Inc. for C$4.35 billion and taking ownership to 100%. MLSE includes the Toronto Maple Leafs, Toronto Raptors, Toronto FC, Toronto Argonauts, development teams affiliated with Toronto's NHL and NBA franchises, Scotiabank Arena and a partnership with Live Nation. Rogers said it will invest in championship-calibre teams and enhanced experiences for fans and customers. The company will create Rogers Sports, a new business unit combining MLSE, the Toronto Blue Jays and Rogers' broader sports, media and entertainment operations. Keith Pelley will remain President and CEO of MLSE while also assuming responsibility for Rogers Media, and Mark Shapiro will remain President and CEO of the Toronto Blue Jays. Rogers said operations remain business as usual while it develops the new operating model.