Sinclair Broadcast (NASDAQ:SBGI)
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6 Months : From Apr 2019 to Oct 2019
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.
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(END) Dow Jones Newswires
May 03, 2019 16:42 ET (20:42 GMT)
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