• CosmicSploogeDrizzle@lemmy.worldOPM
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    1 year ago

    A couple of offers have been floated for Disney’s TV assets— Byron Allen texted Iger a $10 billion bid for ABC and its other TV channels, while Nexstar Media Group Inc. was in exploratory talks for the news network—but neither deal is likely to go through. ESPN agreed to a sports betting deal with downmarket casino operator Penn Entertainment Inc. that will pay Disney as much as $1.5 billion over a decade. For years, Iger insisted Disney couldn’t get into gambling because of reputational concerns; now it seems like one way to plug holes. Iger’s deputies are pushing him to consider a bolder transformation of Disney from gaming licensee to gaming giant through, say, an acquisition of Electronic Arts. But, as with everything else, he’s been noncommittal.