Yankee, Sinclair, Amazon to buy YES Network from Disney
Yankee Global Enterprises, with strategic partners Sinclair Broadcast Group and Amazon, today announced the purchase of the YES Network from The Walt Disney Company acquiring the 80 percent of the YES Network not already held by Yankee Global Enterprises at a total enterprise value of $3.47 billion. Additional equity investments were provided by RedBird Capital, funds managed by Blackstone’s Tactical Opportunities business, and Mubadala Capital.
The YES Network is the country’s most-watched regional sports network (RSN), broadcasting games, programs and specialty content for the New York Yankees, the Brooklyn Nets, Major League Soccer’s New York City FC, and the WNBA’s New York Liberty.
Reported by Street Insider