Fox Won't Bid for the Regional Sports Networks That Disney May Sell

(Bloomberg) -- Fox Corp. confirms that it does not intend to bid for any of the Fox regional sports networks that Disney may sell as required under terms of its $71 billion acquisition of 21st Century Fox Inc. assets, according to a regulatory filing.

  • Disney was said to plan to sell 22 regional sports networks to different suitors
  • The New York Yankees are said to be in talks with Amazon, Sinclair Broadcasting Group about teaming up to bid for the team’s regional sports network YES, according to reports on Dec.28.
  • Fox will also begin preliminary talks to sell senior unsecured notes to partially fund an $8.5 billion dividend.
  • NOTE: Nov.20, Amazon Joins Bidding for Sports Networks Disney to Divest: CNBC

©2019 Bloomberg L.P.