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.”
During ESPN’s 44-year history, corporate ownership has flipped several times between Getty Oil, Texaco, ABC, Capital Cities Communications, RJR Nabisco and The Walt Disney Co. (Disney currently owns 80%, while Hearst owns 20%).
James Andrew Miller, author of “Those Guys Have All The Fun: Inside the World of ESPN,” noted Apple would not even have to buy 100% of ESPN for it to be a “game-changer.” With a market capitalization of $2.7 trillion, Apple could make ESPN the favorite for every sports property that comes up for bid, including the NBA and the College Football Playoff.
“Apple has enough change in their couch cushions to fundamentally alter the media rights landscape,” Miller told Front Office Sports.
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