United States

Disney will proceed with RSN bids despite Big3 drama

Disney is still considering spinning out its RSNs to shareholders as it prepares to move forward and take final bids for the 21 sports networks on Monday, The Post has learned. “There is a [deal value] threshold,” a source said, and if suitors do not hit that mark, Disney is planning to spin out the Fox regional sports networks and give up operating control. While the threshold value is unclear, any sale of less than $10 billion for the 21 networks would be seen as disappointing, sources said. The US Department of Justice has signaled that Disney can do the spin-out to complete the conditions of its $71.3 billion purchase of Fox, with the divestiture completed by mid-June. Disney pooh-poohed an earlier Post report that said it w ...