Deals
Yankees TV Deal Attracts Ontario Fund, Mubadala, Amazon
- Bidders for Fox networks wait to see how ballclub proceeds
- Fox selling TV channels to complete megadeal with Disney
Giancarlo Stanton of the New York Yankees plays on Oct. 9, 2018.
Photographer: Elsa/Getty Images
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The New York Yankees have lined up Ontario Teachers’ Pension Plan, RedBird Capital Partners and Mubadala Investment Co. for the baseball team’s plan to buy back control of its sports TV network, according to people familiar with the matter.
The Yankees are also in talks with potential strategic partners including Amazon.com Inc. to provide digital streaming services and participate financially in the deal for the YES Network, said the people, who asked not to be identified because the discussions are private. The Yankees and their partners are planning to purchase 21st Century Fox Inc.’s majority stake in YES, acquired four years ago.