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Tuesday, February 5, 2019

Liberty Media joins bidding for regional sports networks being sold by Disney, sources say

Liberty Media has joined the bidding for the regional sports networks that Disney is trying to sell to finalize a deal with Twenty-first Century Fox, sources told CNBC.

Liberty and Major League Baseball have submitted bids in the auction. Disney is selling them in order to complete its $71 billion deal to acquire Fox's movie production and television assets, which included the regional sports networks.

Disney is set to report its earnings after the close of trading on Tuesday.

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from Top News & Analysis https://cnb.cx/2UG9Vvh
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