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The Globe and Mail

Report: U.S. investment company interested in MLSE

A report says a U.S. investment company is interested in buying MSLE, the parent company that owns the Toronto Maple Leafs hockey club.

NATHAN DENETTE/THE CANADIAN PRESS

A U.S. investment company is interested in buying the parent company of the Toronto Maple Leafs.

According to a report in Wednesday's Toronto Star, Providence Equity Partners is looking at the Ontario Teachers' Pension Plan's 80 per cent stake in Maple Leaf Sports & Entertainment.

It's not clear whether the private equity firm has made a formal offer.

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Rogers Communications has also shown interest in purchasing MLSE.

It's believed Teachers' is asking $1.5-billion for its stake.

The Star says Rogers, Providence, Teachers and Maple Leaf Sports all declined to comment.

Providence, which is based in Rhode Island, manages more than $23-billion (U.S.) and has invested in more than 100 companies in 20 countries since it was formed in 1989.

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