Tag: Sinclair
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The Walt Disney Company Sells Its Interest in the Yes Network to Investor Group Including Yankee Global Enterprises and Sinclair Broadcast Group
BURBANK, Calif., August 29, 2019 – The Walt Disney Company (NYSE: DIS) (“Disney”) today announced that it has sold its equity interest in the YES Network (“YES”) to a newly formed investor group that includes Yankee Global Enterprises (the “Yankees”) and Sinclair Broadcast Group (Nasdaq: SBGI) (“Sinclair”), among others. The group acquired the 80 percent…
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Sinclair Broadcast Group to Acquire 21 Regional Sports Networks from Disney at a Valuation of $10.6 Billion
Byron Allen to Become Equity and Content Partner in RSN Holding Company BALTIMORE, MD and BURBANK, CA (May 3, 2019) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the “Company”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced that they have entered into a definitive agreement under which Sinclair will acquire the…