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MLB sells share of BAMTech to Walt Disney Co. for $900M

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Disney+ logo displayed on a phone screen and Disney+ logo displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on November 27, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

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NEW YORK - Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.'s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.