Disney dives further into BamTech with $1.58bn

Aug 10, 2017 • Robert Lavine

Walt Disney Company has followed its $1bn investment in online streaming technology provider BamTech by upping its stake to 75% as it prepares to launch its own streaming service.

Entertainment and media group Walt Disney agreed on Tuesday to invest a further $1.58bn in portfolio company BamTech to take a majority stake in the US-based online video streaming technology provider.

Disney paid $1bn for a 33% stake in BamTech in August 2016 as part of a deal that granted it an option to acquire a majority stake. The latest investment will hike its share of the company to 75%.

BAMTech was originally created by MLB Advanced Media, the…

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