Disney Stock Surges as NFL Discusses Buying Stake in ESPN
Disney stock experienced a significant surge on Tuesday following reports that the National Football League (NFL) was in talks to purchase a stake in ESPN, Disney’s sports media business. The New York Post reported on Friday that the NFL and Disney were engaged in “advanced discussions” regarding the equity stake. As part of the deal, ESPN would take over NFL Media, including its production unit NFL Films, cable channels NFL Network and Redzone, as well as digital properties like NFL.com and the recently-launched streaming service NFL+. The promising discussions had progressed to a point where the league informed the Players Association and team owners.
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