News: Disney may sell 36% stake in its ESPN

On November 2nd, according to foreign media reports, a global research report by Bank of America (BofA) showed that Disney's ESPN sports network has a valuation of approximately $24 billion, attracting investment interest from technology companies such as Sports League, Apple, and telecommunications giants such as Verizon.Disney CEO Bob Iger has stated that Disney hopes to retain ESPN and will attempt to create streaming applications for it by forming a joint venture or seeking buyers to purchase minority stakes

On November 2nd, according to foreign media reports, a global research report by Bank of America (BofA) showed that Disney's ESPN sports network has a valuation of approximately $24 billion, attracting investment interest from technology companies such as Sports League, Apple, and telecommunications giants such as Verizon.

Disney CEO Bob Iger has stated that Disney hopes to retain ESPN and will attempt to create streaming applications for it by forming a joint venture or seeking buyers to purchase minority stakes.

Analysts at Bank of America, led by Jessica Reif Ehrlich, pointed out in a report released on Wednesday that this means that assuming Disney intends to retain a majority stake of 51% and a 20% stake in media company Hearst, then ESPN's 36% stake will be sold.

Currently, ESPN is owned by Disney Company. There are rumors that Disney may sell some of its television assets, including selling a portion of ESPN's equity to partners, due to the difficulty of cutting threads. It is said that Disney is still in negotiations with NFL, NBA, and MLB to seek a joint ownership of ESPN.

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