Walt Disney $1 billion acquistion of BAMTech

Overview:

• Walt Disney has acquired a 33% stake in video streaming company BAMTech for $1 billion.
• BAMTech was originally created by Major League Baseball, and was spun off from MLB in connection with Disney's purchase.
• The video platform is expected to play a large role in the expansion of sports content options from Disney's ESPN network.
• Skadden Arps Slate Meagher & Flom (Andrew Garelick) advised Disney.
• Sullivan & Cromwell (Joseph Shenker, Ivan Deutsch) advised MLB.

Kurt Stumpo - Journalist - North America and the Caribbean