MLB Advanced Media, the technology division under Major League Baseball, is reportedly considering an initial public offering. Robert Bowman, president of business and media for Major League Baseball, has hired Goldman Sachs (GS) and Evercore Partners (EVR) to explore options for going public, according to sources cited by the New York Post. MLB Advanced Media is a limited partnership of the club owners of Major League Baseball that says it delivers digital experiences and distributes content through all forms of interactive media. The company operates the league's official Web site as well as the 30 club sites. It's teamed up with brands like Minor League Baseball, YES Network, World Wrestling Entertainment (WWE) and others. The move would reportedly not include MLB.com or any other baseball assets. The tech company values the non-baseball division at around $3 billion, according to a source cited by the Post, with the overall entity valued at $10 billion.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.