Goldman/Yankees: Yes men

Private equity shops usually pounce on companies that are fairly long in the tooth. So it was unusual that Goldman Sachs and its partners actually launched one five years ago. The success of the venture, the Yes sports network, might spur other buyout houses to brainstorm for opportunities to launch new businesses. But that’s probably a bad idea. The Yes deal looks pretty unique. Goldman and its partners ponied up $335m for a 40% stake in the channel, which has exclusive rights to air Yankees b...