According to BofA Global Research, Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract significant investment interest from Apple, Verizon, major sports leagues, and more.
Reuters:
In a bid to lure an outside investor, the media giant last month disclosed the financials of ESPN that revealed declining sales and profit at the network considered to be the crown jewel of its traditional TV business.
CEO Bob Iger has said Disney wants to keep ESPN and will try to create a streaming app for it by either forming a joint venture or finding a buyer for a minority stake in the network.
That means a 36% interest in ESPN would be up for sale, assuming Disney intends to retain a 51% majority interest and accounting for media company Hearst’s 20% stake, BofA analysts led by Jessica Reif Ehrlich wrote in a note published Wednesday.
Interested parties could include leagues like the National Football League and the National Basketball Association, newcomers like Apple and Amazon.com, which are jostling to get into live sports, and distributors like Verizon and Comcast, the note said.
MacDailyNews Take: Apple doesn’t need a stake in ESPN. Just continue inking deals with the major sports leagues as they’ve already done with Major League Baseball and, most impressively, with Major League Soccer.
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MDN Take is spot-on. Television networks are about access to the customer, something Apple has already and doesn’t need to pay for.
ESPN still has to pay for content, so it would save Apple nothing in the long term. Cut out the middleman.
But Disney/ESPN is WOKE!! C’mon Trumptards, where are you? 😂
Libturd stupidity has caused:
-Lying, corrupt, racist, pedophile, dementia patient and whore installed in the White House
-Burning cities
-Occupy movement
-Doubled gas prices
-Gas pipeline shut down
-US emergency oil stockpiles drop to lowest level since 1983
-Unaffordable healthcare insurance
-Legalization of marijuana
-Baby killing
-Wants to ban gas stoves to save children but has no problem killing unborn children
-Destroyed economy
-Crashed stock market
-Upcoming recession
-Highest inflation in 40 years
-Weaponized IRS
-Destroyed school system
-Open border crisis
-Illegal aliens getting drivers licenses
-Illegal aliens getting free medical insurance
-Illegal aliens getting tax-payer money
– National Guard pay delayed after congress celebrates itself for spending $1.7 Trillion
-Trading a useless, athlete for a notorious arms dealer (Merchant of Death), while leaving behind a USMC veteran, because she is an anti-American, black lezbo.
-Releasing a notorious arms dealer (Merchant of Death) while trying to deprive Americans the right to defend themselves with gun control so we can protect ourselves from violent libturds
-Red flag laws
-Voter fraud enabling
-No voter ID
-Illegals allow to vote
-Illegals given drivers licenses
-Labeling all non-libturds as domestic terrorists
-Labeling all non-libturds as racist
-“Extremists” used to be real terrorists, now it people who want to secure the border or keep pornography out of elementary schools
-Electric car mandates during electric crisis
-Woke bullshit
-“Identify as” bullshit
-“Inclusion” but only what libturds want to include
-Kneeling for National Anthem
-Woke hirings preferred over actual competence
-Obese, mentally ill person installed as head of health
-Mentally ill, genderfluid ‘puppy’ thief installed at Department of Energy
-Jill Biden gives biological male “Women of Courage” award
-320 genders
-It/that, them/they, and WTF pronouns
-Misgendering bullshit
-Epstein client list hidden
-Russia collusion bullshit
-Destruction of free speech
-Transgender perversion forced on children
-Drag queen story hours
-Boys in the girls’ bathrooms.
-Tampon dispensers in the men’s room
-Boys in girls’ sports
-Mentally ill man pretending to be a woman on a beer can
-Mentally ill man being a model for women’s underwear-
-Cancel culture in the name of “tolerance”
-Not OK for a child to pretend to be an Indian for a game, but OK for a man to pretend to be a woman in real life
-Men can get pregnant
-Record underemployment
-Defund police
-Soft on crime policies
-Zero bail laws
-Record high crime
-Obese, ugly men winning female beauty pageants
-Food shortages
-Corruption of Legislators
-Corruption of Judges
-Corrupt FBI
-Corrupt CIA
-Corrupt media
-Corrupt social media
-Acceptance of Socialism and rejection of Capitalism
-Election and reelection of incredibly stupid, mentally unfit politicians: AOC, racist Omar, We have to pass it to find out what in it, Pelosi, Guam will tip over Hank Johnson, brain damaged Fetterman, Dementia Joe—just to name a few.
-Ukraine gets: $200 billion, Congress gets: 41% pay increase, Taliban gets: $85 billion, Iran gets: $200 billion, American get: $7 eggs, $4 gas, 50% increase on electricity, free crack pipes, open
borders, fentanyl crisis, toxic spills
-The list goes on and on and on and on and on and on and on and on and on and…
And you are so fucking stupid that you think you are the smart ones!
You want to start a revolution, but you can’t even start a lawnmower.
The next civil war will be fought between Americans and libturds. One side has 300 million firearms and trillions of rounds of ammunition, the other has strap-on dildos and toilet plungers.
Fuck Joe Biden. Fuck libturds
No, what you are is shit for brains> libturd.
Yer not very brite are ya, pinnacle?
Barry the loser! Gimme a break 🤣
Maybe you could inform everyone why ESPN has turned into such a shitstorm for cash, but then you would have to accept reality.
Get woke, go broke.
ESPN is a non stop money loser, how they come up with a 24B valuation on that service is beyond me.. Apple would be silly to invest it in, Disney wants to dump it because they can’t afford the loses..
ESPN is woke and with that ain’t worth 💩