You will be redirected back to your article in seconds

Yankees, Nets consider stock offering

New team eyeing football franchise

NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering.

The source also said the Yankees/Nets baseball and basketball combo is mulling over a bid for a football team, very possibly the New York Jets. An IPO could help pay for that acquisition or fund a number of other projects such as cable channels, movie theaters or other entertainment venues.

More Biz

  • get out Oscar Race

    'Get Out' Awards Category Dilemma: Film Defies Easy Labels, Cast Says

    NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering. The source also said […]

  • David Hoberman and Todd Lieberman Mandeville

    Media Access Awards Honor Hollywood for Depicting People With Disabilities

    NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering. The source also said […]

  • This, photo shows the 21st Century

    Sony Pictures Joins 21st Century Fox Hunt as Deal Talk Spreads Across Biz

    NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering. The source also said […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering. The source also said […]

  • Fusion Media Group

    Univision Seeking to Sell Minority Stake in Fusion Media Group

    NEW YORK — The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said. He confirmed reports that the company created by the two teams will then explore the possibility of an initial public stock offering. The source also said […]

More From Our Brands

Access exclusive content