08/23/2019 | Press release | Distributed by Public on 08/23/2019 11:21
August 23, 2019News Release
SINCLAIR COMPLETES ACQUISITION OF REGIONAL SPORTS NETWORKS FROM DISNEY
Byron Allen is an Equity and Content Partner in the RSN Holding Company
BALTIMORE, MD and BURBANK, CA (August 23, 2019) - Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ('Sinclair' or the 'Company') and The Walt Disney Company (NYSE: DIS) ('Disney') today announced the completion of the previously announced acquisition by Sinclair of the equity interests in 21 Regional Sports Networks (the 'RSNs') and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc. ('21st Century Fox'). The transaction ascribed a total enterprise value to the RSNs equal to $10.6 billion, which, after adjusting for minority interests, reflects an aggregate purchase price of $9.6 billion. The aggregate purchase price is subject to certain adjustments.