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Amazon Prime Video logo is seen on an android mobile phone. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images.

Amazon has tossed a bid into the ring for Disney's 22 regional sports networks, CNBC reports.

Why it matters: It speaks to Amazon's eagerness to win live sports rights as it continues to build its streaming TV business. The company paid $50 million to get exclusive digital rights to the NFL's Thursday Night Football.

Regulators required Disney to sell the sports networks, which combined are worth an estimated $20 billion, within 90 days of closing its deal with 21st Century Fox.

Our thought bubble: Amazon's strategy is notably different than its biggest streaming rival Netflix, which has shied from investing in live sports rights.

The backstory: A wide set of bidders has reportedly eyed the networks. The Wall Street Journal reported last month that initial bids have been rumored to come from private equity groups like Blackstone Group LP, KKR & Co. and Providence Equity Partners LLC, as well as rapper Ice Cube.

  • Fox Sports and NBC Sports were reportedly absent from the first round of bidding, but according to the CNBC report, Fox could join in a second round.
  • Last week, reports suggested that The Yankees were potentially buying back the YES Network from Disney.

Go deeper:

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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.

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