Yankee Global Enterprises and Partners Acquire YES Network from The Walt Disney Company
August 29, 2019
Yankee Global Enterprises, together with strategic partners Sinclair Broadcast Group and Amazon and financial investors RedBird Capital, Blackstone Tactical Opportunities and Mubadala Capital, purchased the 80% of the YES Network not already held by Yankee Global from The Walt Disney Company at a reported enterprise value of $3.47 billion. The consortium aims to expand distribution, strengthen the network's sports content capabilities and leverage partner expertise to grow YES across traditional and digital platforms.
- Buyers
- Yankee Global Enterprises, Sinclair Broadcast Group, Amazon, RedBird Capital, Blackstone Tactical Opportunities, Mubadala Capital
- Targets
- YES Network
- Sellers
- The Walt Disney Company
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Buyout
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