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Yankees, Sinclair Buy YES Network Stake From Disney

Disney has officially "sold its 80% interest in the YES Network" to an investment group led by the Yankees and Sinclair Broadcast Group for $3.47B. The new owners of YES also "include Amazon and investment firms including RedBird Capital, Blackstone and Mubadala Capital." The Yankees "already owned a 20% stake in YES" (N.Y. POST, 8/30). Disney "acquired majority ownership of the YES Network" as part of its $71B takeover of Fox assets earlier this year. But the Yankees’ owners had an "option to buy out that stake and held lengthy talks leading up to Thursday’s announcement" (BLOOMBERG NEWS, 8/30).

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