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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Sinclair Is Reportedly Offering $850 Million to Buy Back Diamond Sports Group Out of Bankruptcy

Bally Sports.

The New York Post reports that Sinclair Broadcast Group has offered to pay "roughly" $850 million to buy back its former regional sports networks subsidiary, Diamond Sports Group, which is currently circling the drain of liquidation in a Texas bankruptcy court.

The buyout would come in partnership with Bally's Corp. owner Soo Kim, the Post said.

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