Disney is in advanced talks to sell a majority stake in the YES Network to a group that includes the New York Yankees, Sinclair and Amazon
Walt Disney Co. is in advanced talks to sell a majority stake in YES Network to a group that includes the New York Yankees, Sinclair Broadcast Group Inc. and Amazon.com Inc., in a deal that would value the sports network at around $3.5 billion, according to people familiar with the matter.
The New York City outlet that carries Yankees games is considered the crown jewel among the 22 regional sports networks that Disney is required to sell as part of its $71.3 billion purchase of the bulk of 21st Century Fox Inc.’s entertainment...
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