Moody's says Disney's sale of 21 RSNs to Sinclair credit positive, does not impact A2 rating
Announcement: Moody's says Disney's sale of 21 RSNs to Sinclair credit positive, does not impact A2 rating. Global Credit Research- 03 May 2019. New York, May 03, 2019-- Moody's Investors Service said that on May 3, 2019, The Walt Disney Company's announced agreement to sell 21 of the company's 22 owned Regional Sports Networks to Sinclair Broadcasting Group, Inc. for approximately $10.6 billion in enterprise value or approximately $9 billion in cash to Disney after transaction...
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