Disney Accepts $3.5B Offer for YES Network

Disney has accepted a $3.5 billion offer from an Amazon-led group of investors that includes The New York Yankees to sell the YES Network, one of New York's most prominent cable sports channels, The New York Post reports. 

The YES Network broadcasts games for the Yankees, Nets and the NYCFC MLS team. Disney was required to sell the network as part of its purchase of the bulk of 21st Century Fox's entertainment assets. YES was value at $3.9 billion in 2014 when Fox bought its 80 percent stake, per The Wall Street Journal. 

Amazon and Sinclair Broadcasting group chipped in to pay part of Fox's $3.4 billion asking price for the 80 percent the Yankees didn't already own. 

Disney was seeking $5 billion to $6 billion for YES. 

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