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Disney buys stake in BAMTech to start ESPN streaming service
2016-08-10 01:20:00| Telecompaper Headlines
(Telecompaper) The Walt Disney Company is acquiring a 33 percent stake in BAMTech, a technology services and video streaming company previously formed by Major League Baseball (MLB). As part of the transaction, BAMTech was separated from MLB's broader digital business, MLB Advanced Media (MLBAM). Under the terms of the transaction, Disney will pay USD 1 billion in two installments, now and in January 2017, and has the option to acquire majority ownership in the coming years.
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Category:Telecommunications