According to a report recently released by BofA Global Research, Disney’s ESPN sports network is valued at US$24 billion. It has attracted many potential buyers including Apple and Verizon.
Disney, seeking to attract outside investors, disclosed ESPN’s financials last month, showing declining sales and profits.
Disney CEO Bob Iger has said Disney wants to keep ESPN and will try to build a streaming app through forming a joint venture or selling part of its stake. 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” in August that he believed sports channel ESPN was a “perfect partner” for Apple TV+ and predicted that Apple would The TV station will be acquired within a few months.
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