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News Corp. to Purchase Stake in YES Network

News Corporation and the Yankees. Strange bedfellows? Perhaps, but according to The New York Times, they’re both about to snuggle up. News Corp. is said to be close to purchasing a stake in YES Network, which broadcasts the Bronx Bombers and Brooklyn Nets games.

Negotiations are still underway, but according to the Times, News Corp. would buy a stake in YES from the Yankees’ equity partners, and Yankees Global Enterprises — YES’ parent — would retain its 34 percent stake. No word on what the price tag will be, but YES has been valued at about $3 billion.

We were going to offer a funny remark about this deal, but we cannot top this comment on the Times’ report, from Tom S:

“No! This is terrible news, now we have to listen to A-Rod’s voicemail???”

Perfection.

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