Sinclair Completes Acquisition Of Regional Sports Networks From Disney

News Release

SINCLAIR COMPLETES ACQUISITION OF REGIONAL SPORTS NETWORKS FROM DISNEY

Byron Allen is an Equity and Content Partner in the RSN Holding Company

BALTIMORE, MD and BURBANK, CA (August 23, 2019) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the “Company”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced the completion of the previously announced acquisition by Sinclair of the equity interests in 21 Regional Sports Networks (the “RSNs”) and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc. (“21st Century Fox”). The transaction ascribed a total enterprise value to the RSNs equal to $10.6 billion, which, after adjusting for minority interests, reflects an aggregate purchase price of $9.6 billion. The aggregate purchase price is subject to certain adjustments.

Read more…Sinclair Joint Closing Press Release FINAL

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