Sinclair agrees to buys all 21 Fox regional sports networks from Disney in ...

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Sinclair Broadcasting agrees to buy all 21 Fox regional sports networks from Disney in $10.6billion deal Sinclair is expected to announce the $10.6B acquisition as soon as Friday Deal includes all 21 of the regional Fox sports channels owned by Disney Comes year after Department of Justice ordered Disney to sell the channels 

By Keith Griffith For Dailymail.com

Published: 22:01 BST, 3 May 2019 | Updated: 22:01 BST, 3 May 2019

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Sinclair Broadcasting Group has reached a $10.6billion deal to purchase all 21 remaining Fox regional sports networks from Walt Disney Co.

Sinclair announced on Friday that it would pay $9.6billion for Disney's majority equity interests in the sports networks, reflecting a total enterprise valuation of $10.6billion.

It comes a year after the U.S. Department of Justice ordered Disney to sell off the stable of channels as a condition of granting provisional approval to Disney’s $71.3billion purchase of 21st Century Fox’s entertainment assets.

The sports channels originally numbered 22 and were valued by analysts at around $20billion - until the New York Yankees reached a deal to require their stake in the crown jewel YES

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