Wall Street Journal reported on Tuesday the acquisition of 21 regional sports networks of Walt Disney Co by Sinclair Broadcast Group Inc. The deal could possibly include sports channels in Los Angeles and Detroit, as per reports. Disney had previously won the acquisition of $71 billion for Fox’s film and television assets against Comcast Corp, a cable company in a bidding war. U.S. Justice Department had ordered the company to divest the Fox Networks previously acquired by the company for regional and local markets.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company Coverage Page.
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Sinclair to buy Disney’s sports networks in $10 billion deal – Wall Street Journal
Disney and Sinclair were not immediately available for comment. Disney acquired the sports networks as part of its $71 billion acquisition of Twenty-First Century Fox Inc’s film and television assets. The company agreed to sell the networks after the U.S. Justice Department said Disney, which..