MLB sells share of BAMTech to Walt Disney Co. for $900M
- P Fried loses to Braves in arbitration
- Suspended Tatis focused on redemption
- Angels put no restrictions on Ohtani WBC
- Dodgers sign INF Rojas for 1 year, $6M
- Dodgers to retire Valenzuela's No. 34
NEW YORK (AP) Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.
The sale was disclosed Tuesday in Walt Disney Co.'s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.
The technology helped MLB become a leader in sports streaming in the 2000s.
Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.
AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP-Sports
Updated November 29, 2022