The Walt Disney Company Acquires Majority Ownership of BAMTech

August 8, 2017

The Walt Disney Company agreed to acquire an additional 42% stake in BAMTech, LLC from MLB Advanced Media (MLBAM) for $1.58 billion, giving Disney majority ownership of the streaming-technology business. Disney said it will use BAMTech's direct-to-consumer streaming technology to launch an ESPN-branded multi-sport streaming service in early 2018 and a Disney-branded subscription-video-on-demand service in 2019.

Buyers
The Walt Disney Company
Targets
BAMTech, LLC
Sellers
MLB Advanced Media (MLBAM)
Location
United States
Transaction Type
Buyout

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