Thu. Nov 14th, 2019

Disney sells stake in YES Network to investor group that includes Amazon.com for $3.47 billion

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The Walt Disney Company

DIS, +0.94%

said Thursday it has sold its stake in the YES Network to an investor group that includes Amazon.com Inc.

AMZN, +1.26%,

Sinclair Broadcast Group

SBGI, -0.11%,

and Yankee Global Enterprises. The group acquired the 80% of the YES Network not already held by the New York Yankees for $3.47 billion, it said. The YES Network broadcasts games for the Yankees, Brooklyn Nets, Major League Soccer’s New York City FC, and the WNBA’s New York Liberty.

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