News Corp. in talks to acquire stake in Yankees network
News Corp. is in talks to acquire a stake in the Yankees cable channel YES. (Getty Images)
Talks between News Corp. and the New York Yankees have been going on for several weeks, people with knowledge of the situation said. Under the terms being discussed, News Corp. would likely acquire the stakes in YES held by the investment bank Goldman Sachs, private equity firm Providence Equity Partners and other owners. The YES Network has been valued at as much as $3 billion.