Topic: regional sports network (RSN)
More than a year after Disney announced a deal to buy 21st Century Fox, CEO Bob Iger is assuring investors that the deal will be closing “soon.”
New Fox, consisting of what’s left after Disney’s acquisition of Fox, has officially ruled out an attempt to buy back its regional sports networks.
Amazon has reportedly jumped in with a bid for 21st Century Fox’s 22 regional sports networks that Disney is selling off as part of its $71.3 billion Fox acquisition.
“New Fox,” could end up buying back the regional sports networks that are part of Disney’s $71.3 billion deal for much of 21st Century Fox.
Disney needs to sell Fox’s regional sports networks as part of its $71.3 billion deal for the company, and some big digital players may be in the mix.
Comcast has seen the conditions on Disney’s bid for Fox, and it wants to line up buyers for Fox’s regional sports networks as it preps a rival bid.
The Walt Disney Company has officially received the Justice Department’s blessing for its $71.3 billion bid for Fox, but now the clock is ticking.
Comcast’s $65 billion bid for Fox has revealed that both Comcast and Disney would sell off Fox’s regional sports networks if regulators require it.
Comcast confirmed that it will no longer distribute the Big Ten Network in regions outside those that are home to Big Ten Conference universities.
Comcast may receive up to $73 million after an appeals court swatted a 2014 bankruptcy case of Comcast SportsNet Houston back to a lower court judge.