Yankees in Talks with Amazon, Sinclair for Yes Network

12/30/18

By Yoel Minkoff, SeekingAlpha

The New York Yankees are in talks with Amazon (NASDAQ:AMZN) and Sinclair Broadcast Group (NASDAQ:SBGI) about a joint bid for the team's regional sports network, Yes, WSJ reports.

The baseball team, which owns 20% of Yes, has also been talking to other potential partners including cable and satellite TV provider Altice USA (NYSE:ATUS) and RedBird Capital about buying the remaining 80% stake from Walt Disney (NYSE:DIS).

Disney is seeking a valuation of $5B-$6B for Yes Network.

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