Date
15 December 2018
Amazon's reported bid for some sports networks reflects the tech giant’s ambitions to grow its content portfolio. Photo: Reuters
Amazon's reported bid for some sports networks reflects the tech giant’s ambitions to grow its content portfolio. Photo: Reuters

Amazon among bidders for 22 Disney sports networks: report

Amazon is bidding for all of the 22 regional sports TV networks that Disney acquired from Twenty-First Century Fox, CNBC reported, citing sources familiar with the matter.

The e-commerce and tech giant’s bid includes the New York-based Yes Network, which could be sold separately from the other regional networks, the report said.

In addition to Amazon, Apollo Global Management, KKR, Blackstone Group, Sinclair Broadcast Group and Tegna are also said to have made first-round bids for the full slate of networks.

Fox, which owns the Yes Network with the New York Yankees, was seen as a front-runner to bid for the nearly two dozen regional networks.

A company boss hinted earlier this month that Fox could buy back the regional sports networks it sold to Disney.

However, Fox itself did not submit a bid in the first round for the networks although there’s potential that it will join in the second round, according to CNBC.

The second round of bids is expected before year-end.

Earlier this year, Fox sold some television and movie assets to Disney, which owns the sports channel ESPN.

Under a deal with the US Justice Department, Disney had agreed to divest 22 regional sports networks that it was acquiring.

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RC

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