Sinclair Confirms Deal to Buy 21 RSNs From Disney at $10.6 Billion Enterprise Value
May 03 2019 - 4:57PM
Dow Jones News
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)
Copyright (c) 2019 Dow Jones & Company, Inc.
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