In November 2011 Teachers' announced that they were taking the company off the market. However, only a couple of weeks later, on December 9, 2011, Teachers' announced the sale of its entire stake in MLSE to a partnership between BCE Inc. and Rogers Communications, in a deal valued at $1.32 billion, giving the company an equity value of $1.66 billion and an enterprise value of $2 billion due to the assumption of their share of MLSE's $372 million in debt and $66 million in leases. As part of the deal, Tanenbaum increased his stake in the company by 5%, valued at $109 million, to 25% to secure his approval. The deal required the approval of Canada's Competition Bureau, the Canadian Radio-television and Telecommunications Commission (with regards to MLSE's TV channels), as well as the NHL, the AHL, the NBA, and MLS (with regards to each of MLSE's main sports franchises).