Deals
21st Century Fox to Boost Its YES Network Stake to 80%
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Rupert Murdoch’s 21st Century Fox Inc. agreed to boost its stake in YES Network to 80 percent, taking control of the regional sports channel that carries New York Yankees baseball games two years sooner than planned.
Tracy Dolgin will continue to lead the network as president and chief executive officer, New York-based Fox said yesterday in a statement. Fox purchased 49 percent in 2012, in a deal that valued the business at about $3 billion.