Disney sells its stake in YES Network to investor group that includes Amazon
, 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 deal 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 of Disney's acquisition of the company. The YES Network, which airs Yankees games as well as other local sports and specialty content, was among the RSNs the Department of Justice required Disney to sell.by the investor group says the Yankees, Sinclair and Amazon will make up a "new strategic partnership.
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