Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

(Reuters) - The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team's regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Reuters December 29, 2018 02:05:28 IST
Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

Yankees in talks with Amazon Sinclair to bid for Yes Network WSJ

(Reuters) - The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team's regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The baseball team, which owns 20 percent of Yes, has also been talking to other potential partners including cable and satellite TV provider Altice USA and RedBird Capital about buying the remaining 80 percent stake from Walt Disney Co, the WSJ reported.

Disney is seeking a valuation of $5 billion to $6 billion for Yes Network, according to the report.

The talks are still in early stages and a partnership with either Amazon or Sinclair isn't guaranteed, sources told the Journal.

Disney, which is buying Twenty-First Century Fox Inc's film and television assets, had said it would divest 22 of Fox's regional sports networks, including New York-focused Yes Network, as part of an agreement with the U.S. Department of Justice.

Amazon, Sinclair and Yankees could not be reached outside regular business hours.

(Reporting by Sonam Rai in Bengaluru)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Police officer hailed for steering Capitol mob from Senate chamber
World

Police officer hailed for steering Capitol mob from Senate chamber

By Tom Hals (Reuters) - A police officer is being hailed for his role steering an angry mob away from the Senate chambers in Wednesday's deadly storming of the U.S. Capitol by supporters of President Donald Trump

At least 25 domestic terrorism cases opened as result of assault on Capitol -lawmaker
World

At least 25 domestic terrorism cases opened as result of assault on Capitol -lawmaker

WASHINGTON (Reuters) - At least 25 domestic terrorism cases have been opened as a result of Wednesday's assault on the Capitol by supporters of President Donald Trump, U.S. Army Secretary Ryan McCarthy told a Democratic lawmaker on Sunday

Indonesia locates black boxes of crashed jet as body parts recovered
World

Indonesia locates black boxes of crashed jet as body parts recovered

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) - Indonesian authorities on Sunday located the black boxes of the Sriwijaya Air jet that crashed into the sea soon after taking off from the capital Jakarta, as human body parts and pieces of the plane were retrieved. The Boeing 737-500 with 62 passengers and crew was headed on a domestic flight to Pontianak in West Kalimantan on Saturday before it disappeared from radar screens four minutes after take-off