Bidding for the former Fox regional sports networks is at its endgame, and Fox Business says Sinclair Broadcast Group (NASDAQ:SBGI) has placed the top bid.

Bankers accepted final bids this week from the wide range of suitors involved in the bidding, which aside from Sinclair included Liberty Media (NASDAQ:FWONA), Major League Baseball and Ice Cube’s Big3 basketball league.

MLB pulled out as a solo bidder and joined with John Malone’s Liberty bid, according to the report.

Sinclair is reported to have bid about $10B for the nets, which Disney (NYSE:DIS) is selling as a regulatory requirement it accepted for the approval of its now-completed acquisition of media assets from Fox (FOX, FOXA).

The $10B figure (even if accounting for some $4B separately for the YES network) would be a bit of a comedown from the $20B Disney hoped to raise from unloading the entire package of 22 RSNs.

Previously: Justice Dept. argues court shouldn’t decide buyer of Fox RSNs (Apr. 05 2019)





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