The New York Yankees have reacquired the YES Network, combining with Amazon and the Sinclair Broadcast Group to buy an 80 percent stake in the channel from The Walt Disney Co.

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The deal announced Thursday values YES at $3.47 billion, nearly $500 million less than when 21st Century Fox acquired a majority stake in 2014.

FOX Business’ Charlie Gasparino first reported on the deal in March.

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