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Disney Buys NHL’s 10% Stake In BAMTech For $350 Million; MBL’s 15% On The Table In 2022
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deadline.comDisney earlier this month exercised its right to buy the NHL’s 10% stake in streaming technology services group BAMTech for $350 million in a deal expected to close by the end of September.In its quarterly report filed with the SEC – which is more detailed than the earnings press release from earlier this afternoon – Disney noted that MLB also has the right to sell its 15% interest in BAMTech to Disney, and Disney to buy it – called a put/call option — starting in September of 2022 at the greater of fair value or a guaranteed floor value.
As of July 3, 2021, it said, the guaranteed floor value for the MLB interest was $752 million. Disney owns the rest of BAMTech.Major League Baseball created the streaming tech company in 2015 from its MLB
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