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Disney plans to sell stake in ESPN sports network, Apple may be a potential buyer

王林

Nov 02, 2023 am 09:25 AM

appledisney

According to news from this site on November 2, according to a report recently released by BofA Global Research, Disney’s ESPN sports network is valued at US$24 billion (note on this site: currently about 175.92 billion yuan). It has attracted many potential buyers including Apple and Verizon.

In an effort to attract outside investors, Disney revealed ESPN's financials last month, showing declining sales and profits

Disney CEO Bob Iger has said that Disney hopes to retain ESPN and will try to build a streaming application through forming a joint venture or selling part of its shares. Disney plans to retain a 51% majority stake and plans to sell a 36% stake.

Webush analyst Dan Ives said on CNBC’s “Last Call” program in August that he believed sports channel ESPN was a “perfect partner” for Apple TV and predicted that Apple would The station will be acquired within the next six to nine months.

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