M&A Deal Summary

Madison Square Garden Sports Acquires MSG Networks

On March 26, 2021, Madison Square Garden Sports acquired media company MSG Networks

Acquisition Highlights

This is Madison Square Garden Sports’ 5th transaction in the Media sector.
This is Madison Square Garden Sports’ 5th transaction in the United States.
This is Madison Square Garden Sports’ 2nd transaction in New York.

M&A Deal Summary
Date	2021-03-26
Target	MSG Networks
Sector	Media
Buyer(s)	Madison Square Garden Sports
Deal Type	Add-on Acquisition
Advisor(s)	LionTree Morgan Stanley (Financial) Davis Polk & Wardwell (Legal)

Target

MSG Networks

New York, New York, United States

MSG Networks is a sports content development and distribution company that owns and operates two regional sports and entertainment networks and a companion streaming service that serves the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut, and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils, and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. MSG Networks was founded in 1969 and is based in New York City.

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