LL Cool J and Ice Cube are joining forces with a powerful group of folks looking to bid on 22 regional sports channels — including the YES Network, which Disney is being forced to sell off by the Justice Dept.
As reported by TMZ, Disney acquired the 22 stations as part of its $71 billion acquisition of 21st Century Fox. The mouse house (Mickey) is already the majority owner of ESPN and officials believe that controlling the 22 sports stations would give the company too much power in the sports TV landscape, the webloid writes.
The stations reportedly involved in the deal include Fox Sports San Diego, Fox Sports Arizona, Fox Sports Detroit, Fox Sports Southwest and more.
The New York-based YES Network, which has the rights to broadcast Yankees games, is worth between $5 and $6 billion, according to the Wall Street Journal. The deal for all 22 stations is expected to fall anywhere from $15 to $25 billion.
Some of the potential bidders are private equity firms like Apollo Global Management and Blackstone Group to the Sinclair Broadcast Group.
To help secure their bid, Ice Cube and LL have reportedly teamed with powerful partners … billionaire Alex and Ani jewelry founder Carolyn Rafaelian.
Initial bids are due Nov. 8.
Article Courtesy of EURweb
First Picture Courtesy of
LL Cool J and Ice Cube Among Those Interested in Buying Regional Cable Sports Networks was originally published on wzakcleveland.com
Mississippi Cops Beat, Waterboarded Handcuffed Black Men, Shot 1 For ‘Dating White Women’: Lawyers
Autopsy Report Suggests Rasheem Carter Was Lynched, But Mississippi Cops Say No ‘Foul Play’
College Grad Gets 30-Year Prison Sentence Right After Finishing School
Kevin McCarthy Appears To Claim ‘Nobody Was Arrested’ During BLM Protests Like Jan. 6. Rioters
Submit A Black Owned Business For Buy Black Cleveland!
Actor Carl Payne’s Wife Melika Files for Divorce
University Of Kentucky ‘Karen’ Pleads Not Guilty To Racist Attack On Black Student Despite Video Evidence
Khloe Kardashian Has Different Father than Sisters...???