As a condition of its acquisition of most of the the film and TV assets of Twenty-First Century Fox Inc (FOXA) earlier this year, Disney was required to sell the regional sports networks it was acquiring since it already owns ESPN and some sports programming through ABC.
Now the deep-pocketed Amazon.com Inc. (AMZN - Get Report) is bidding for all 22 regional sports network that Disney acquired from Fox, including the YES Network, which airs Yankees and Brooklyn Nets games, according to a report from CNBC that cited sources familiar with the matter. The Yankees, Blackstone, and an unnamed sovereign wealth fund are also all bidding for YES, according to the report.
Amazon has shown some interest in sports programming before, having carried the NFL's Thursday Night Football games last year.
Apollo Global Management LLC (APO - Get Report) , KKR & Co. Inc. (KKR - Get Report) , and Sinclair Broadcast Group Inc. (SBGI - Get Report) and Tegna (TGNA - Get Report) have all made first-round bids for the entire suite of sports networks, according to CNBC. The second round is slated to start before the end of the year.
Disney shares fell 1.11% to $111.87 at market close, while Amazon spiralled down 3.08% to $1,495.46.