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Byron Allen Part Of A $10 Billion Media Acquisition From Disney

AFRICANGLOBE - Disney has finalized its deal to sell 21 Fox regional sports networks to Sinclair Broadcast Group in a transaction valued at $10.6 billion. Byron Allen, the entrepreneur behind Entertainment Studios and the owner of the Weather Channel, has teamed with Sinclair as an equity and content partner in the newly formed Diamond Holding Group.

Ice Cube And Magic Johnson To Acquire Sports Networks From Disney

AFRICANGLOBE - Basketball legend and entrepreneur, Earvin "Magic" Johnson, is joining the bidding group of rapper, actor, and entrepreneur, O'Shea "Ice Cube" Jackson Sr. to acquire 21 Regional Sports Networks  (RSN) from Walt Disney Co.