Rogers Media Inc. today announced it is acquiring all of the outstanding shares of Score Media Inc., and will wholly own theScore Television Network and related television assets.
The acquisition of Score Media does not include its digital media business, including theScore.com website and mobile applications. Immediately prior to the acquisition, Score Media's digital assets will be spun out to its existing shareholders, with Rogers Media retaining a 10 per cent equity interest in the digital media business. Rogers Media will also have access to Score Media's digital technology to immediately enhance its mobile offerings.
The acquisition builds on Rogers' rich history in sports and reinforces its commitment to delivering premium sports content to its audiences on their platform of choice. Upon receipt of final regulatory approvals, the television network will be rebranded under the Sportsnet umbrella.
"We continue to pursue opportunities to engage, expand and enhance the experience for sports fans. Rogers Media is on a growth trajectory and this builds on our momentum of delivering world-class sports content anywhere, anytime, on any platform," said Keith Pelley, President, Rogers Media. "theScore is a tremendous sports service that offers a distinct flavour of premium, niche programming that fits squarely within our strategy of delivering highly sought-after content to Canadians."