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News Corp. (NWS +0.6%) confirms it will take a 49% equity stake in the YES Network in a deal...
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Tuesday, November 20, 2012, 12:20 PM ETNews Corp. (NWS +0.6%) confirms it will take a 49% equity stake in the YES Network in a deal expected to close before the end of the year pending approval from Major League Baseball. The YES Network includes coverage of the New York Yankees and Brooklyn Nets baseball to a wide East Coast footprint. Under the terms of the agreement, after three years New Corp. can increase its stake to as high as 80%.
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