S&C Advises Office of the Commissioner of Major League Baseball in Connection with The Walt Disney Company’s Acquisition of a 33% Stake in BAMTechAugust 9, 2016
S&C represents the Office of the Commissioner of Major League Baseball (MLB) and MLB Advanced Media (MLBAM) in connection with MLBAM's formation of BAMTech, MLB's digital streaming technology business, and the subsequent acquisition by the Walt Disney Company of a 33% interest in BAMTech. Under the terms of the transaction, Disney will pay $1 billion in two installments, now and in January 2017, and has the option to acquire majority ownership in the coming years.
Disney's investment in BAMTech, a proven leader in direct-to-consumer streaming services, data analytics and commerce management with nearly 7.5 million total paid subscribers to its clients' OTT products, will provide capital to accelerate growth of its proprietary video-delivery platform, deliver greater flexibility to clients and develop new technologies and capabilities.
Mr. Shenker and Mr. Deutsch are advising on corporate matters. Mr. Spitzer is advising on tax matters, Mr. Hearn is advising on executive compensation and benefits matters, Mr. Mousavi is advising on intellectual property matters, and Mr. Rodriguez is advising on antitrust matters.