Rogers Completes Acquisition of ScoreMedia, Awaits CRTC Approval

Rogers has announced it has completed its acquisition of ScoreMedia, a deal that was revealed in late August that includes theScore TV network. Once approved by the CRTC, the latter will join the Sportsnet family.

Rogers paid $167 million for ScoreMedia (consisting of theScore TV Network, closed captioning service Voice to Visual Inc., and mixed martial arts program The Score Fighting Series) which included a 11.8 percent equity into Score Digital, the company related to its mobile technology division.

Just yesterday the CRTC axed Bell’s deal to acquire Astral Media, citing concerns of competition for the industry if the merger was approved. Rogers was quick to call the CRTC ruling a “courageous decision” that benefited consumers.