News Corp set to take 49 percent stake in Yankee channel: source
Posted on November 19, 2012 at 00:15 AM EST
(Reuters) - Rupert Murdoch's News Corp is expected to announce this week that it will acquire a 49 stake in the YES Network from the New York Yankees baseball team and its partners, in a deal that would value the sports channel at $3 billion, a person with knowledge of the talks told Reuters.