Sinclair Finalizing $ 10.6B Buying 21 Fox RSNs from Disney

According to law 360, the Sinclair Broadcast Group has won the bids for the 21 Fox RSNs sold by Disney as part of Mouse's acquisition of 21st Century Fox. An April report said a "19459013] handshake deal " was in place for a $ 10 billion quota and that lawyers had finished negotiations when Sinclair worked to round out several investors.

They were successful on all fronts, Allen & Company LLC, Deutsche Bank AG, JP Morgan Chase, Moelis & Co., and RBC Capital Markets joins the board of what is now a $ 10.6 billion purchase. Six different law firms eased the deal, meaning about a billion or so on payable hours.

This gives Sinclair a stake in 23 regional sports networks, with Cubs & # 39; Marquee Network and Yankees & # 39; YES Network included. Exactly how this affects the Cubs is still to be seen, but check the link above for some extra thoughts about it. In the case of tl; Dr., it's easy to assume this gives Marquee a little more clout and can mean wider streaming capabilities.