Disney’s ESPN to Buy NFL Network, Other Assets in Stock Swap (2)

The National Football League will sell most of its media businesses to Walt Disney Co. in exchange for a 10% stake in the ESPN sports networks, deepening the ties between the league and one of its top broadcast partners.

The assets include NFL RedZone channel, which is a highlights service, and the NFL Network cable channel, according to a statement late Tuesday. Disney will also get to air more NFL games. Neither Disney nor ESPN disclosed the financial terms of the agreement, but industry analysts estimated the value at $2 billion to $3 billion.

The lines between sports leagues and ...