Jan 24 Twenty-First Century Fox Inc
said it would take control of Yankees Entertainment and Sports
(YES) Network, by raising its stake to 80 percent from 49
Twenty-First Century Fox, which first acquired its stake in
YES Network in 2012, said the remaining 20 percent stake will
continue to be held by Yankee Global Enterprises.
YES Network will become a part of Twenty-First Century Fox,
and Chief Executive Tracy Dolgin of YES Network will remain in
his role leading the network.
The YES Network delivers live coverage of New York Yankees
baseball and Brooklyn Nets basketball, as well as other sports
programming in the United States.
The deal is expected to close by the end of the first
calendar quarter. Financial terms of the deal were not
Shares of Twenty-First Century Fox closed at $31.27 on
Friday on the Nasdaq.