Sinclair Rises on Report of Amazon Interest in Regional Sports Networks
Shares of Sinclair, a TV station owner based in Hunt Valley, Maryland, traded as high as $14 in New York.
Bloomberg
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Sinclair Inc. rose as much as 7.6% after the Wall Street Journal reported that Amazon.com Inc. is in talks to invest in the broadcaster’s bankrupt Diamond Sports Group.
Amazon is looking to acquire multiyear streaming rights to the MLB, NBA and NHL teams that are carried on cable channels operated by Diamond Sports, the newspaper reported, citing people with knowledge of the matter.