Sinclair Broadcast Group $10.6 billion acquisition of Disney sports networks

Overview:

• Sinclair Broadcast Group has acquired 21 regional sports networks from Disney in a $10.6 billion deal. 
• The sale comes in response to anti-trust concerns stemming from Disney's recent acquisition of 21st Century Fox's television and film business. 
• The networks will form a wholly-owned subsidiary of Sinclair called Diamond Sports Group. 
• Debt financing for the deal was provided by a group that included JPMorgan Chase, Deutsche Bank and Merrill Lynch Pierce Fenner & Smith. 
• Sinclair's financial advisers included Guggenheim Securities and Deutsche Bank Securities, while Disney was advised by Allen & Company and JP Morgan. 

Kurt Stumpo - US Editor