Centerbridge considers Ice Cube’s bid for Sports Networks: Bloomberg

Centerbridge Partners LP is in talks to make a significant equity contribution that will back an offer from rapper and actor Ice Cube to buy a group of regional sports networks being sold by Walt Disney Co, Bloomberg is reporting. The Big3 U.S. basketball league, started by Ice Cube in 2017, is expected to submit a fully-finance bid for the TV channels in the next round of the auction, the story said. Excluding YES, the tv networks could fetch around $10 billion, Bloomberg said.