Yankees buy YES Network back from Disney in reported $3.5 billion deal

[Fenway]

Still no word on who will buy all the FOX RSN's.

Yankees buy YES Network back from Disney in reported $3.5 billion deal

On Friday, The Yankees, Amazon, Sinclair Broadcast Group, and a collection of private equity investors claimed 80 percent of the network formerly controlled by 21st Century Fox, according to multiple reports.

The deal comes as part of the legal condition of Disney’s 21st Century Fox acquisition, which was to sell off all of Fox’s Regional Sports Networks.

The Yankees will be the largest shareholder of the group — 30 percent — over YES Network, according to the reports. The franchise initially had 20 percent ownership of the network.

YES airs Yankee games, along with Nets and New York City FC games.

The Yankees gaining more control over the network named after them is important, but the other parties involved also imply a growing future for the network’s reach in more homes both by cable and online.

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[tony d]

Interesting move. I have the super sports pack with my cable and get to watch some Yankees game that are on YES. Seems like a good channel so this move gets a YES (Pun intended) from me.

 

[TCNorthstars]

Still no word on who will buy all the FOX RSN's.

Looks like Ice Cube and LL Cool J might put in a bid:
Ice Cube and LL Cool J are teaming up in bid to potentially purchase the 22 Fox RSNs

 

[LeHab]

Confirmed

YES Network Finalizes $3.5B Sale To New York Yankees, Sinclair And Amazon – Deadline