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Twenty-First Century Fox, Inc. to acquire majority stake in YES Network


Friday, 24 Jan 2014 05:40pm EST 

Twenty-First Century Fox, Inc:Says an agreement to acquire a majority stake in the Yankees Entertainment and Sports Network (YES Network), raising its ownership position in the regional sports network to 80 percent from the current 49 percent it acquired in 2012.Says the acquisition is expected to close by the end of the first calendar quarter.Says the remaining 20 percent stake will continue to be held by Yankee Global Enterprises.Terms of acquisition were not disclosed.