Sinclair Broadcast Group (SBGI -3.6%) has wrapped up a long and winding acquisition of 21 former Fox regional sports networks from Disney (DIS-1.9%).
The deal (including Fox College Sports) values the RSNs at $10.6B enterprise value, with a purchase price of $9.6B after adjusting for minority interests.
As previously reported, he deal excludes the multibillion-dollar YES Network.
Entertainer/entrepreneur Byron Allen has agreed to become an equity/content partner in a new indirect subsidiary covering the RSNs.
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