Sinclair completes deal to buy Fox regional sports networks from Disney for $10.6 billion
TV station giant Sinclair Broadcast Group has completed its $10.6 billion deal to acquire 21 regional Fox Sports networks that Walt Disney agreed to sell to get regulatory approval for its $71.3 billion acquisition of large parts of 21st Century Fox.
The acquisition will make Sinclair, based in the Baltimore, Maryland, and a major provider of news, a big player in sports cable programming. Sinclair president and CEO Chris Ripley in a statement said "we are very excited about the transformational aspects the RSN acquisition will have on Sinclair and are eager to bring those opportunities to life."
The RSN portfolio gives Sinclair the exclusive local rights to 42 professional teams, comprising 14 Major League Baseball teams, 16 NBA teams and 12 NHL pro hockey teams.
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