Disney to sell off Fox’s regional sports networks to Sinclair for $10 billion

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Disney has finalized its deal to sell 21 Fox regional sports networks to Sinclair Broadcast Group in a deal worth about $10.6 billion.

Disney acquired the sports networks as part of its $71 billion acquisition of Twenty-First Century Fox Inc’s film and television assets.

The company agreed to sell the networks after the U.S. Justice Department said Disney, which owns cable sports network ESPN, must divest the Fox networks that provide sports programming for regional and local markets.



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