Amazon makes bid for Fox Sports Southwest and 21 other regional networks

Capitalist Pig Hedge Fund Manager Jonathan Hoenig discusses how Amazon will receive billions in tax breaks for its two new headquarters.

The next bidding war stemming from Walt Disney's (DIS) blockbuster $71 billion acquisition this summer of the majority of 21st Century Fox's (FOXA) entertainment assets has begun. Among the networks included in the sale is New York-based Yes, which is partially owned by the New York Yankees and broadcasts games of 44 teams from major sports leagues. The Yankees themselves "are moving forward with plans to buy back the YES Network", Bloomberg reported last week.

Amazon is one of several companies or firms to submit first-round bids to buy the networks, according to the report. Opinions have differed as to digital companies' appetites for such traditional businesses, but with Amazon ramping up its advertising efforts, the networks offer platforms that would be hard to replicate from scratch.

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As part of the deal to get Department of Justice approval for the Disney and Fox merger there was a requirement that the Fox Regional Sports Networks (RSNs) would be sold off. It had been previously reported that YouTube was also interested but as of today there are no reports of YouTube bidding on FOX RSNs.

Disney and Amazon did not immediately respond to Deadline's requests for comment.

In total FOX RSNs and Yes Network air 44 professional teams including ones from the MLB, NBA, and National Hockey League. The retail giant has been the streaming home of the NFL's "Thursday Night Football" since 2017. Facebook and Twitter have also acquired rights to various sports properties.

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