US EditionGovernment OKs ESPN's Blockbuster Deal for NFL Network From ...
ESPN gained full ownership of NFL Media, including NFL Network and RedZone, with the NFL receiving a 10% stake valued at $3 billion, enhancing streaming and fantasy football offerings.
- On Saturday, ESPN, the sports network owned by The Walt Disney Company, closed its acquisition of NFL Media after U.S. Department of Justice approval, transferring NFL Network, NFL RedZone and NFL Fantasy in exchange for a 10 percent NFL stake.
- The agreement expands ESPN's NFL footprint, with Bob Iger saying the deal strengthens ESPN's streaming ambitions and includes licensing games, RedZone, and NFL Films programming.
- Ownership mechanics leave Disney majority owner with future buyback rights, as ESPN is valued at about $30 billion and the NFL's 10 percent stake is worth roughly $3 billion, according to filings.
- ESPN will air 28 regular-season NFL games after absorbing seven from NFL Network, and will include NFL Network and NFL RedZone in its $29.99-per-month service starting this fall, shifting some games back to NFL Network.
- Regulatory scrutiny clouds approval as ESPN said NFL Media employees will move in the coming months, and critics warned of 'higher costs, and fewer choices to watch games.
13 Articles
13 Articles
Elizabeth Warren Warns Of Higher Prices, Fewer Choices As Trump Administration Clears ESPN's Billion-Dollar NFL Network Deal: 'Bad News' - Walt Disney (NYSE:DIS)
On Monday, sen. Elizabeth Warren (D-Mass.) warned that NFL fans could face higher costs and fewer viewing options after federal regulators approved ESPN's sweeping acquisition of key NFL Media assets. Warren Flags Sports Streaming Consolidation Risks Taking to X, Warren criticized the Donald Trump administration after regulators approved ESPN's deal to acquire major NFL Media assets, calling it "bad news for anyone who watches the NFL." Warren s…
REPORT: NFL And ESPN Officially Close Deal With Government Approval, NFL Now Owns 10% of ESPN
The National Football League and ESPN have officially closed their massive deal on Saturday after receiving approval from government regulators, The Athletic’s Andrew Marchand reports. The deal, which was originally agreed to in August, will see the NFL acquire a 10% stake in ESPN in exchange for ESPN adding NFL Network to its family of […]
ESPN closes NFL Media deal following Justice Deparment approval
(Photo courtesy Walt Disney Company / ESPN) The Walt Disney Company’s ESPN has closed on its acquisition of NFL Media after receiving approval from the U.S. Department of Justice to proceed with the transaction on Saturday, executives at both organizations affirmed in a late-night statement. The deal will see the NFL acquire a 10 percent stake in ESPN — a stake that comes from Disney’s 80 percent position in the sports network — in exchange for …
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