Sinclair to buy Disney's sports networks in $10.6 billion deal

FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo - Copyright Brendan McDermid(Reuters)

By Reuters

Published on 03/05/2019 - 22:34•Updated 24/04/2024 - 17:43

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(Reuters) - Sinclair Broadcast Group Inc, the largest U.S. broadcast station owner, said on Friday it would buy 21 regional sports networks from Walt Disney Co in a deal valued at $10.6 billion.

Disney bought the sports networks as part of its $71 billion acquisition of Twenty-First Century Fox Inc's film and television assets.