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 on 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.

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.



Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *