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.
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.Report Typo/Error