Walt Disney sells a 80% stake in Yes Network to Investor Group for $3.5bn.

A consortium of investors including Yankees Global Enterprise, Sinclair Broadcast Group, Amazon, Blackstone and RedBird Capital acquires an 80% stake in Yes Network, a broadcaster of games involving the Yankees and the Brooklyn Nets basketball team, as well as other sports content from The Walt Disney Company for $3.47bn. The other 20% of Yes Network is already owned by Yankees. The transaction received the approval of the US Department of Justice. “This transaction brings the YES Network and all of its popular programming even closer to the organization that inspired its very development. Along with our partners, we look forward to greatly expanding the way that sports content is delivered and consumed by fans everywhere,” Hal Steinbrenner, Yankee Global Enterprises CEO.