Disney completes the sale of regional sports network YES to Sinclair, the Yankees and Amazon
Walt Disney Co. has sold its 80% stake in the YES regional sports network to Sinclair Broadcast Group and an investment consortium that includes the New York Yankees and Amazon, the companies announced Thursday.
Along with Amazon and Yankee Global Enterprises, the investment group includes RedBird Capital and funds managed by Blackstone’s Tactical Opportunities and Mubadala Capital. The Yankees will own 26%, Sinclair 20%, Amazon 15%, and the remaining 39% will be split among the three funds.
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