Disney sells its stake in YES Network to investor group that includes Amazon

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Disney sells its stake in YES Network to investor group that includes Amazon
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The Yankees and Sinclair Broadcast Group are also among the members of the investor group.

The investor group, which also includes the Yankees and Sinclair Broadcast Group, acquired the 80% stake of the YES Network that was not already held by the Yankees, according to the release. The total enterprise value of the transaction was $3.47 billion, according to the announcement.

Disney agreed to sell the 22 regional sports networks owned by 21st Century Fox as a condition Disney's acquisition of the company. The YES Network was among the RSNs the Department of Justice required Disney to sell.

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