ESPN announced Wednesday that it has made a non-binding agreement with the National Football League to acquire the NFL Network and some other media assets.
Aug. 6 ESPN announced Wednesday that it has made a non-binding agreement with the National Football League to acquire the NFL Network and some of its other media assets.
The announcement said ESPN, owned by the Walt Disney Company, bought the assets for a 10% equity stake in ESPN.
Other assets included in the purchase are NFL’s RedZone Channel and NFL Fantasy, which are owned and controlled by the league.
The NFL also will continue to own and operate some of its media businesses, including NFL Films and NFL.com.
The two companies also are entering into a second non-binding agreement, under which the NFL will license to ESPN certain NFL content and other intellectual property to be used by NFL Network and other assets.
