Sinclair pays $10.6bn for Disney sports
Sinclair Broadcast Group and The Walt Disney Company have entered into a definitive agreement under which Sinclair will acquire the equity interests in 21 Regional Sports Networks (RSNs) and Fox College Sports, which were acquired by Disney in its acquisition of 21st Century Fox.
The transaction ascribes a total enterprise value to the RSNs equal to $10.6 billion (€9.4bn), reflecting a purchase price of $9.6 billion, after adjusting for minority equity interests.
Disney had to sell the RSNss under an agreement it struck with the Department of Justice that allowed the media conglomerate to proceed with its purchase of 21st Century Fox. Completion of the transaction is subject to customary closing conditions.
The RSN portfolio, which excludes the YES Network, is the largest collection of RSNs in the marketplace, with an extensive footprint that includes exclusive local rights to 42 professional teams consisting of 14 Major League Baseball (MLB) teams, 16 National Basketball Association (NBA) teams, and 12 National Hockey League (NHL) teams.
https://advanced-television.com/2019/05/07/138135/
Think they can politicize sports?
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