MLB sells share of BAMTech to Walt Disney Co. for $900M

By: The Associated Press Posted:

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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.

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Hey there, time traveller!
This article was published 29/11/2022 (1381 days ago), so information in it may no longer be current.

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.

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AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports

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