SBD/14/Sports Media

WEST COAST REPORTS HAVE DISNEY EYEING STAKE IN STARWAVE

          Walt Disney has signed a letter of intent to acquire a
     minority share in Starwave Corp., which produces such web
     sites as ESPNet SportsZone, NBA.com, NFL.com, and NASCAR
     Online, an executive "knowledgeable about the deal," tells
     Leslie Helm of the L.A. TIMES.  Disney and representatives
     of Paul Allen, who owns Starwave, "declined to comment." 
     The executive told Helm that "in an unusual twist," the
     preliminary agreement calls for  Disney to "acquire roughly
     one-third of Starwave but to take over management control." 
     The two sides are "close to signing a final agreement," and
     sources tell Helm "the final deal could involve a bigger
     stake by Disney" (L.A. TIMES, 2/14).  The HOLLYWOOD REPORTER
     notes "an executive close to the negotiations" says that the
     talks "hinge on the size of Disney's stake and could
     conclude within two weeks" (HOLLYWOOD REPORTER, 2/14).

Return to top

Related Topics:

NASCAR, NBA, NFL, Media, Walt Disney

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug