In a January 2019 SEC filing, Fox Corporation stated that it no longer had any plans to bid for the channels. On January 11, 2019 CNBC reported that Apollo, Blackstone, CVC and other bidders except Sinclair backed out of the deal for the networks with the sole bidder being the Sinclair/CVC joint venture. It was also reported that the possibility of spinning out the channels as an independent company was also being considered. In February 2019, it was reported that Apollo and Sinclair had dropped out (but with the former seeking a new partner), but that Liberty Media and Major League Baseball had made offers. Later that month, it was reported that Pohlad and Detroit Pistons owner Tom Gores (via his private equity firm Platinum Equity) had joined the Liberty Media bid.