Monumental Sports & Entertainment (MSE) announced on Tuesday the closing of its acquisition of NBCUniversal’s stake in NBC Sports Washington from Comcast Corporation. The closure means MSE has fully acquired NBC Sports Washington — the TV rights holder of Washington Capitals and Washington Wizards games. MSE is majority owned by Ted Leonsis.
MSE previously held just 33 percent of the media company after first buying-in six years ago. The specific financial terms of the acquisition have not been disclosed.
As reported back in late August, the purchase now gives MSE the option of building a potential powerful streaming platform and more power to shape the primary coverage of its own sports teams.