Sinclair closes $10.6B acquisition of Fox regional sports networks

//Sinclair closes $10.6B acquisition of Fox regional sports networks

Sinclair closes $10.6B acquisition of Fox regional sports networks

Sinclair Broadcast Group Inc. has closed the $10.6 billion acquisition of 21 Fox sports regional networks from the Walt Disney Co., the largest deal in the TV broadcaster's history. The deal, announced in May, wrapped up after receiving approval from the U.S. Department of Justice. Already the biggest owner and operator of local TV stations, Hunt Valley-based Sinclair (NASDAQ: SBGI) now becomes one of the leaders in cable sports. After adjusting for minority interests, Sinclair's aggregate purchase…

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By | 2019-08-23T20:07:55+00:00 August 23rd, 2019|Sports|

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