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AP Business

MLB sells share of BAMTech to Walt Disney Co. for $900M

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Published 6:40 PM

NEW YORK (AP) — Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million. The sale was disclosed on Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000. The technology helped MLB become a leader in sports streaming in the 2000s.

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