Centerbridge Partners LP is in talks to make a significant equity contribution that will back an offer from rapper and actor Ice Cube to buy a group of regional sports networks being sold by Walt Disney Co, Bloomberg is reporting. The Big3 U.S. basketball league, started by Ice Cube in 2017, is expected to submit a fully-finance bid for the TV channels in the next round of the auction, the story said. Excluding YES, the tv networks could fetch around $10 billion, Bloomberg said.
Source: https://www.pehub.com/2019/03/centerbridge-considers-ice-cubes-bid-for-sports-networks-bloomberg/
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