Reports: MLB joining crowded ring fighting for Fox RSNs

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  • Major League Baseball is joining a very crowded field bidding for the 22 regional sports networks being put up for sale by Fox and Disney (FOX +0.2%, FOXA+0.2%, DIS +0.3%) as part of their $71B asset deal, according to reports.
  • MLB Commissioner Rob Manfred seemed to confirm as much speaking at a March of Dimes luncheon, and the deal could get the league streaming rights to all of its own games — though that claim might be countered by the clubs themselves, as well as raise claims of conflicts from independent RSNs.
  • An MLB entry would mean the league’s joining in with a few dozen bidders, which include Amazon.com (NASDAQ:AMZN), Apollo (NYSE:APO), KKR, Blackstone (NYSE:BX), Sinclair Broadcast Group (NASDAQ:SBGI), Tegna (NYSE:TGNA) and many others.
  • Previously: Bloomberg: Yankees draw partners including Amazon to YES deal (Nov. 21 2018)
  • Previously: CNBC: Amazon joins bids for Fox regional sports nets (Nov. 20 2018)
  • Previously: Report: Fox, Comcast (NASDAQ:CMCSA) skip bids for Fox regional sports nets (Nov. 13 2018)
  • Now read: Bulletproof Investing Performance: Week 52

 

Read more at : https://www.investing.com/news/stock-market-news/reports-mlb-joining-crowded-ring-fighting-for-fox-rsns-1705389

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