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Volume 24 No. 114
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Sources: News Corp. Set To Acquire Minority Stake In YES Network

Sources said that News Corp. is "closing in on a deal to buy a minority stake" in YES Network, and a deal "may be announced in the coming days" that values the Yankees RSN at roughly $3B. News Corp. reportedly has its "sights on nearly 40% of the network, seeking to buy most, if not all, of the stakes owned by longtime investors Goldman Sachs Group Inc. and Providence Equity Partners" (WALL STREET JOURNAL, 11/15).