RedBird Capital

NEW YORK: The Walt Disney Company Thursday announced that it has sold its equity interest in the YES (Yankees Entertainment and Sports) Network to Yankee Global Enterprises, with strategic partners Sinclair Broadcast Group (SBG), and Amazon.

The sale of 80% of the YES Network not already held by Yankee Global Enterprises was at a total enterprise value of $3.47 billion. Additional equity investments were provided by RedBird Capital, funds managed by Blackstone’s Tactical Opportunities business, and Mubadala Capital.