Disney Considers Strategic Options Amidst Interest from Byron Allen and Nexstar
TL;DR
Disney has denied reports of talks with Nexstar Media Group regarding a potential sale of ABC and its eight local ABC stations. However, Byron Allen has made a formal offer of $10 billion for ABC, Disney's local TV stations, FX, and the National Geographic Channel. The offer, which is pegged at eight times EBITDA, raises questions about the strategic implications of removing FX and Nat Geo from Disney's control. Nexstar Media Group and Allen Media Group are among the interested suitors for Disney's linear TV assets, which CEO Bob Iger previously stated "may not be core" to the company.
- Disney Fielding Interest In ABC And Other Linear TV Assets From Byron Allen And Nexstar; Media Giant Calls Reports Of Sale Talks “Unfounded,” But Will Consider “Strategic Options” – Update Deadline
- Byron Allen Makes $10B Bid for ABC, Other Disney Networks Bloomberg Television
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