ROH OWNER SINCLAIR PURCHASES THE YES NETWORK
  • 03/08/2019 (11:32:26 pm)
  • Bob Mulrenin

Deadline is reporting that Ring of Honor owner Sinclair Broadcast Group has purchased ownership in the YES Network.

The buyers of the 80% of YES controlled by Fox are said to be a group that includes the New York Yankees, which had the right of first refusal as the divestiture unfolded. Also aboard are AmazonSinclair Broadcast Group and a collection of private equity investors including Blackstone. Amazon and Sinclair had been mentioned as suitors months ago, with both companies looking to occupy more sports real estate. Fox declared it was not planning to re-acquire any of the networks, with insiders suggesting it would invite scrutiny by regulators.”

Read the complete article here: https://deadline.com/2019/03/yes-network-sold-for-3-5b-to-yankees-amazon-sinclair-private-equity-reports-1202572010/

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