Latest Details On Diamond Bankruptcy ...Middle East

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Latest Details On Diamond Bankruptcy
The Diamond Sports Group saga took another turn yesterday when the broadcasting company announced a restructuring agreement that’d see debt holders invest $450MM to keep the company afloat. As part of the deal, Amazon would receive streaming rights for the NBA, NHL and MLB teams for which Diamond currently holds those rights. While there’s an agreement in place between Diamond and Amazon, it’s worth emphasizing that the plan can’t become official without approval from the bankruptcy court. That’ll take time as the court and Diamond’s creditors sort through the details. Evan Drellich and Mike Vorkunov of the Athletic report that Amazon would pay $115MM, with an additional $50MM investment pos

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