|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||111.52 - 114.59|
|52 Week Range||97.68 - 120.20|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||13.38|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||1.68 (1.45%)|
|1y Target Est||121.33|
Amazon's deep pockets could shake up the bidding activity for a slate of networks including the Yankees Entertainment and Sports (YES) Network.
Disney, which is buying Twenty-First Century Fox Inc's (FOXA.O) film and television assets, had said it would divest 22 of Fox's regional sports networks as part of its agreement with the U.S. Department of Justice. An unnamed sovereign wealth fund and the New York Yankees are also bidding for the New York network, CNBC said.
The e-commerce giant starts taking a cut of third-party ad inventory and reportedly bids on 22 regional sports networks.
Amazon.com, Inc. (NASDAQ: AMZN ) is making a bid to expand its live sports coverage through an acquisition of Walt Disney Co (NYSE: DIS )'s 22 regional sports networks. What Happened Disney is fielding ...
CEO Chris Ripley said at an investor conference in October Fox's 22 regional sports networks would be an "interesting fit" for Sinclair Broadcast Group.
In Washington, a White House official rejected the Chinese line as "complete spin and propaganda" and said the standoff did not raise hopes for a positive meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 next week. After months of bickering over trade, the disputed South China Sea and U.S. support for Chinese-claimed Taiwan, Xi and Trump took a step back from the edge with an ice-breaking telephone call early this month.
Amazon's presence in Disney's regional sports network sale could be great for Bob Iger as long as it doesn't win.
Amazon.com Inc. is bidding on all 22 regional sports networks that the Walt Disney Co. acquired from 21st Century Fox , CNBC reported Tuesday. Apollo Global Management , KKR , The Blackstone Group , Sinclair Broadcast Group and Tegna have also made first-round bids for the 22 networks, CNBC reported, citing sources familiar with the matter. CNBC added that the second round of bids is expected by the year's end, and due diligence on the bid begins next week. The Department of Justice announced in June that Disney would have to divest the regional sports networks as a condition of its acquisition of large parts of Fox. Shares of Amazon have gained 30% in the year to date, while the tech-heavy Nasdaq has gained 0.9%. The S&P 500 has fallen 0.5%.