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Apple Wants To Be a Force in Live Sports. Buying ESPN Could Be the Answer.

Aug 19, 2023

Wedbush Securities analyst Dan Ives raised eyebrows this week by declaring it a “no-brainer” for Apple to acquire ESPN from The Walt Disney Co. at a potential price of $50 billion.

The tech giant made its biggest move into live sports so far with a 10-year, $2.5 billion streaming deal with Major League Soccer a year ago, and Lionel Messi makes it look like a smarter decision with every highlight-reel goal on Apple TV+.

Apple and ESPN are “the perfect fit,” Ives told CNBC. “Cupertino is looking to go after live sports content as the golden goose. I believe it’s a matter of when — not if — ESPN and Apple get together.”

Source: Front Office Sports

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