Rogers Communications has reached an agreement to purchase sports broadcaster Score Media Inc.

The transaction is believed to be worth $167m, including a $12m investment in Score Digital.

A 47 per cent jump in share prices was recorded on Friday when news of a potential purchase was announced.

“This deal allows us to continue to pursue our vision and strategy that has formed a huge part of what we’ve been doing at Score Media for some time,” Score Media chief executive John Levy said in a statement. Continue reading »