Deals
Sinclair to Buy Fox Sports Networks From Disney, WSJ Reports
- Deal values assets at more than $10 billion, newspaper says
- Acquisition would turn Sinclair into cable-sports giant
Photographer: Nick Tre. Smith/Icon Sportswire via Getty
Sinclair Broadcast Group Inc. agreed to buy the Fox regional sports networks from Walt Disney Co., turning the local-TV company into a cable-sports powerhouse, the Wall Street Journal reported.
The deal is valued at more than $10 billion, the Journal said, citing unidentified people familiar with the matter. An agreement could be announced as early as Friday, the newspaper said.