Sinclair, Yankees Buy Disney Stake in Yes Network
Disney's equity interest in the Yes Network now belongs to an investor group including Sinclair and the Yankees. The group bought the 80 percent of the network not already owned by the Yankees for about $2.78 billion, said Disney Thursday.…
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The deal follows Sinclair's $9.6 billion acquisition of Disney's regional sports networks (see 1908230041), which Disney had picked up as part of its 21st Century Fox buy but had to sell under a DOJ consent decree.