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Disney sells 21 regional sports networks to Sinclair in deal valued at USD 10.6 bln

2019-05-06 09:14:00| Telecompaper Headlines

(Telecompaper) Disney said it has sold the 21 regional sports networks it acquired at the time it bought 21st Century Fox to the Sinclair Broadcast Group, for a total value of USD 10.6 billion. The total price reflects a purchase price of USD 9.6 billion and adjustments for minority equity interests. The deal will complete after receiving the usual closing conditions, including the approval of the US Department of Justice. It has been unanimously approved by the voard of directors of both Sinclair and Disney.

Tags: sports deal regional networks

Category:Telecommunications

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