Yankees join Amazon and Sinclair to buy YES Network, the team’s cable network

The New York Yankees are joining forces with Sinclair Broadcast Group Inc. and Amazon.com Inc. to buy the team’s cable network in a deal valued at $3.47 billion. Yankee Global Enterprises announced the widely expected purchase Thursday, saying the group bought the 80 percent stake from Walt Disney Co. The investors also included RedBird Capital, Blackstone’s Tactical Opportunities business and Mubadala Capital.