News Corp (NWS) is reportedly in advanced talks to buy a stake - possibly almost 40% - in YES,...

|About: News Corporation (NWS)|By:, SA News Editor

News Corp (NWS) is reportedly in advanced talks to buy a stake - possibly almost 40% - in YES, the cable channel that televises New York Yankees games. News Corp is likely to acquire most of the holding from Goldman Sachs (GS) and Providence Equity Partners. The potential deal is likely to value YES at $3B.