News Release
SINCLAIR BROADCAST GROUP TO ACQUIRE 21 REGIONAL SPORTS NETWORKS FROM DISNEY AT A VALUATION OF $10.6 BILLION
Byron Allen to Become Equity and Content Partner in RSN Holding Company
BALTIMORE, MD and BURBANK, CA (May 3, 2019) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the “Company”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced that they have entered into a definitive agreement under which Sinclair will acquire 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 ascribes a total enterprise value to the RSNs equal to $10.6 billion, reflecting a purchase price of $9.6 billion, after adjusting for minority equity interests. Completion of the transaction is subject to customary closing conditions, including the approval of the U.S. Department of Justice.
Read more…Joint RSN Press Release FINAL
Sinclair Broadcast Group To Acquire 21 Regional Sports Networks From Disney at a Valuation of $10.6 Billion
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