Disney paid $900 million to Major League Baseball (MLB) earlier this month to buy out the league’s remaining 15% stake in the streaming firm BAMTech, according to an SEC filing made public Tuesday.
The transaction makes Disney a 100% owner of the streaming company that powers Disney+ and the firm’s other consumer services.
The SEC filing noted that MLB’s interest in BAMTech was recorded in the entertainment company’s financial statements at $828 million, and in November Disney bought out MLB’s stake for $900 million. Last week, Disney announced that Bob Iger is returning to the company as a CEO to replace Bob Chapek. Since this transaction was undertaken earlier this month, it was probably one of the last big moves by Chapek.
In the filing, Disney said that Ig …
