Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Apr. 19, 2:54 PM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
Slide #20. 21st Century Fox — Majority Stake in YES Network
Acquirer: |
21st Century Fox (NASDAQ:FOX) |
Acquiree: |
Majority Stake in YES Network |
Details: |
21st Century Fox (NASDAQ:FOX,FOXA) today announced an agreement to acquire a majority stake in the Yankees Entertainment and Sports Network (YES Network), raising its ownership position in the regional sports network to 80 percent from the current 49 percent it acquired in 2012. The YES Network delivers exclusive live local television coverage of New York Yankees baseball and Brooklyn Nets basketball, as well as other Emmy Award-winning local and national sports programming. The acquisition is expected to close by the end of the first calendar quarter, subject to regulatory and other requisite approvals. |
Fox is a news, sports, and entertainment company. Co.'s segments are: Cable Network Programming, which produces and licenses news and sports content distributed through cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors and other digital platforms; Television, which produces, acquires, markets and distributes programming through the FOX broadcast network, advertising-supported video-on-demand service Tubi, broadcast television stations, and other digital platforms; and Other, Corporate and Eliminations, which consists of the FOX Studio Lot that provides television and film production services.
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April 19, 2024 2:54 PM Eastern
Hold (2.00 out of 4)
100th percentile
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