According to Mike Ozanian of Forbes, Steve Cohen has entered a 30-day exclusive bidding period for SNY.
Sources say after Steve Cohen/Wilpon finalize sale, Cohen has 30 days for exclusive bid for SNY. The RSN is worth about $1 bil ($150m equity, $850m debt).
— Mike Ozanian (@MikeOzanian) September 22, 2020
Ozanian pegs the regional sports network’s value at $1 billion. That comprises of a $150 million value for the company and $850 million worth of debt the Wilpons took out against it.
SNY is worth the purchase price, despite the debt.