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ESPN to Acquire NFL Network and Other Media Assets From the NFL in Exchange for a 10% Equity Stake in ESPN

1. ESPN will acquire NFL Network for a 10% stake in ESPN. 2. Deal enhances ESPN's media portfolio but impacts DIS's equity structure.

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Why Bullish?

Acquiring NFL media assets provides growth potential for ESPN, aligning with historical partnerships, boosting DIS's long-term revenue.

How important is it?

The acquisition enhances Disney's media offerings, directly impacting viewer engagement and revenue generation prospects, making it significant for DIS's strategic plans.

Why Long Term?

The deal strengthens ESPN’s position in sports media, expected to yield returns over several years, similar to past acquisitions in sports broadcasting.

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NEW YORK & BURBANK, Calif.--(BUSINESS WIRE)--ESPN, a subsidiary of The Walt Disney Company (NYSE: DIS), and the National Football League (NFL) today announced a non-binding agreement under which ESPN will acquire NFL Network and certain other media assets owned and controlled by the NFL – including NFL's linear RedZone Channel, and NFL Fantasy – in exchange for a 10% equity stake in ESPN. In addition to the sale of NFL Network, the NFL and ESPN are also entering into a second non-binding agreem.

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