The latest twist in the ongoing story of who might end up with those 21 Fox regional sports networks finds a surprise player emerging in Amazon.
The New York Post reports that Amazon is in talks to join Sinclair Broadcast Group in a bid for the networks, which are being auctioned off by Disney.
“Sinclair — the conservative TV station owner that forced dozens of its local news anchors last year to read scripts blasting ‘fake news’ — is looking for Amazon’s backing as it preps a roughly $9 billion, all-cash offer for the so-called RSNs, sources said,” The Post reports.
The overall value of the deal will reportedly be about $10 billion, including minority stakes in the RSNs not owned by Fox.
The report quotes a source saying Amazon and Sinclair “are close to wrapping it up.”
The Post adds: “While Sinclair has already secured bridge financing for the deal, lenders are demanding an additional $1 billion in equity, insiders said. That, in turn, has forced Sinclair, whose market cap is just $4 billion, to search for deep-pocketed partners including Amazon, according to insiders.”
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