Disney buys MLB stake in BAMTech for US$900mil

Growth path: Iger says one of his top priorities is to make the company’s streaming business profitable. — Reuters

SAN FRANCISCO: Walt Disney Co has taken full control of BAMTech, a video-streaming firm spun off from Major League Baseball’s digital media company MLB Advanced Media.

Disney earlier this month purchased the remaining stake in BAMTech from Major League Baseball for US$900mil (RM4.05bil), the company said in a Securities and Exchange Commission filing.