Sinclair Confirms Deal to Buy 21 RSNs From Disney at $10.6 Billion Enterprise Value

Date : 04/05/2019 @ 06:57
Source : Dow Jones News
Stock : Fox Corporation (FOX)
Quote : 31.43  0.42 (1.35%) @ 06:52
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Sinclair Confirms Deal to Buy 21 RSNs From Disney at $10.6 Billion Enterprise Value

Sinclair Broadcast (NASDAQ:SBGI)
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   By Josh Beckerman 
 

Sinclair Broadcast Group Inc. (SBGI) confirmed a deal to buy 21 regional sports networks from Walt Disney Co. (DIS) at an enterprise value of $10.6 billion.

The Wall Street Journal previously reported that the parties were near a deal worth more than $10 billion.

Sinclair said Byron Allen, who owns The Weather Channel, will be an equity and content partner in a new holding company.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

May 03, 2019 16:42 ET (20:42 GMT)

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