Disney’s ESPN has sold a majority stake in the X Games, the extreme-sports competition franchise, to a private-equity firm.
ESPN has sold its controlling interest in the X Games, the extreme-sports competition franchise, to private-equity firm MSP Sports Capital.
MSP Sports will hold a majority stake in the X Games and handle day-to-day operations of the competition, the companies said. ESPN will retain a minority stake and continue to broadcast the X Games under a multiyear agreement. Walt Disney owns ESPN.
ESPN Sells Majority Stake in X Games to Private-Equity Firm
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