Amazon has joined the bidding for the 22 regional sports networks currently owned by 21st Century Fox that regulators are requiring Disney to sell off as part of its pending Fox acquisition, CNBC has reported.
The digital giant, which already has a foothold in sports via NFL Thursday Night Football rights as well as soccer and tennis, is among a cluster of media companies and private equity firms in the running. Citing unidentified sources, CNBC said first-round bidders for the full portfolio include P.E. firms Apollo Global Management, Kkr and Blackstone Group as well as local TV station groups Sinclair and Tegna.
The value of the Rsn portfolio has been estimated at $20 billion, but no dollar figures have been reported in connection with the bids. CNBC said Fox has not submitted a bid in the first round, but could enter the second-round bidding, which will get under way after Thanksgiving and...
The digital giant, which already has a foothold in sports via NFL Thursday Night Football rights as well as soccer and tennis, is among a cluster of media companies and private equity firms in the running. Citing unidentified sources, CNBC said first-round bidders for the full portfolio include P.E. firms Apollo Global Management, Kkr and Blackstone Group as well as local TV station groups Sinclair and Tegna.
The value of the Rsn portfolio has been estimated at $20 billion, but no dollar figures have been reported in connection with the bids. CNBC said Fox has not submitted a bid in the first round, but could enter the second-round bidding, which will get under way after Thanksgiving and...
- 11/20/2018
- by Dade Hayes
- Deadline Film + TV
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