FTC Issues Early Termination Notice for Disney to Raise Stake in BAMTech

The FTC cleared the way for Disney to raise its stake in BAMTech to 75 percent, said an early termination notice ending the transaction’s Hart-Scott-Rodino waiting period. A year after spending $1 billion to acquire 33 percent of BAMTech as the springboard to launching ESPN- and Disney-branded subscription streaming services, Disney announced Aug. 8 it will pay $1.58 billion more to buy an additional 42 percent of the streaming-technology company (see 1708080065).