A group led by Amazon.com (NASDAQ:AMZN) but including the New York Yankees is set to buy the YES Network, far and away the most prominent of the Fox regional sports networks, for about $3.5B, the New York Postreports.
Sinclair Broadcast Group (NASDAQ:SBGI) is also part of the bidding group, which is vying for the 80% of the network that the Yankees don't already own.
That group will make up for declining RSN value by charging fees for streamed games, according to the report.
Meanwhile, Fox's Charlie Gasparino says not Amazon but the Yankees will be majority owners of YES when the deal is done, with bigger stakes than Sinclair and Amazon (and perhaps Blackstone (NYSE:BX), which Gasparino says is also among the bidding group).
