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Amazon Group Is Said to Be Close to Deal for Yankees Network

  • Yankees said near buying back YES Network with group backing
  • Sinclair, RedBird Capital are said to be among deal’s backers
Updated on

The New York Yankees are close to a deal to buy back the YES Network for almost $3.5 billion, with backing from Amazon.com Inc., Sinclair Broadcast Group Inc. and RedBird Capital Partners, according to people familiar with the deal.

The network, which broadcasts Yankees games and the NBA’s Brooklyn Nets, is the prize jewel of the sports-network collection that Walt Disney Co. is selling after its agreement to acquire 21st Century Fox Inc. in a $71 billion takeover.