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Media Entertainment

Bids for Fox Sports Channels Due Nov. 8

Disney has set Nov. 8 as the first deadline for bids for the Fox regional sports networks, which Disney has to sell as a condition of getting regulatory approval to buy much of 21st Century Fox, according to The Wall Street Journal.

And, as The Information reported in August, bidders are expected to include Fox—what will be left of it after the Disney deal. (Rupert Murdoch’s entertainment company will keep Fox News Channel as well as its broadcast stations and some other assets.) The list  also includes private equity firms and rapper and actor Ice Cube, the Journal says.

The 22 regional sports networks could be valued at between $16 billion and $20 billion, although there has been speculation that Fox could wind up paying less to buy back the networks than the value attributed to them in the sale to Disney. If that turns out to be true, it would be yet another victory for Rupert Murdoch.

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