MLB and Liberty Media reportedly team up in quest to purchase Fox RSNs

The quest to purchase the former Fox regional sports networks has taken yet another twist with reports that Major League Baseball has teamed up with Liberty Media Group to buy the assets, which are worth about $10bn (€8.8bn).

The Walt Disney Company has received final-round bids for the 21 RSNs, which it must divest as part of its $71.3bn deal to acquire 20th Century Fox’s entertainment assets, according to Bloomberg. Disney is required to sell the RSNs within 90 days of the deal’s completion on March 19.

Along with the MLBLiberty joint bid, the Sinclair Broadcast Group and Ice Cube’s Big3 sports and entertainment company have also made bids. “We’re still in the game. Now it’s time to win it for the culture,” Ice Cube tweeted on Tuesday.

The New York Yankees, meanwhile, are close to acquiring the YES network, in a deal valued at around $3.5bn. The Yankees have teamed up with Amazon and Sinclair to buy the RSN.

Most recent

Uefa will go to market later this year with the rights to the Champions League and Europa League under pressure from Europe’s top clubs to at least maintain the kind of growth it enjoyed in the current cycle. But there are reasons why that will be a massive challenge.

Internet giant Amazon will pay more than public-service broadcaster France Télévisions for a substantially smaller package of rights to the French Open’s 2021-23 cycle.

Chinese social media giant Tencent saw off competition from rival streaming player Youku Tudou to retain the NBA’s digital rights in the country for the 2020-25 cycle at a record-breaking fee, underscoring the strong growth in China’s streaming market in recent years.

The German Bundesliga’s international sales and marketing arm, Bundesliga International, is set for a busy 12 months of media-rights sales as the league approaches the conclusion of deals across the Americas, Asia, Middle East and North Africa.