Walt Disney Co. (DIS - Get Report) said Thursday it has completed the sale of its 80% stake in the YES Network to an investor group that includes Amazon.com (AMZN - Get Report) and Sinclair Broadcasting (SBGI - Get Report) as well as the New York Yankees.
The sale was required as part of Disney's acquisition of 21st Century Fox assets earlier this year.
The deal for the network, which broadcasts New York Yankees baseball games and Brooklyn Nets basketball games, had a total enterprise value of $3.47 billion, according to a Disney statement.
Disney completed the required sale of 21 other regional sports networks acquired in the Fox transaction to Sinclair last week.
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