News Corp (NWS) will reportedly this week close a deal to acquire 49% in YES TV, the home TV...

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

News Corp (NWS) will reportedly this week close a deal to acquire 49% in YES TV, the home TV channel of the New York Yankees, and will have an option to boost the stake to 80% within 3-5 years. YES would be valued at $3B under the initial transaction, more than the Yankees, whose holding company owns 34% in the cable channel. Goldman Sachs (GS) and Providence Equity own another 40%. (previous)