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Disney Gets Bids From Apollo and MLB for Fox Sports Networks

  • Bids value assets at well below the $22 billion estimated
  • Latest round attracts offers from Sinclair, Apollo and MLB
Fix Sports

Photographer: Nick Tre. Smith/Icon Sportswire via Getty Images

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Walt Disney Co.’s effort to sell a collection of 22 regional sports networks hasn’t been a slam dunk.

When the company set out to unload the assets -- a side deal necessitated by its $71 billion takeover of 21st Century Fox Inc.’s entertainment empire -- analysts estimated that they could fetch $20 billion to $22 billion.