The NFL Is Taking a 10% Stake in Disney’s ESPN

The National Football League has struck a wide-reaching deal with Disney DIS -0.86 %decrease; red down pointing triangle in which it will take a 10% stake in the ESPN sports empire in return for control of key media assets including NFL Network.

Neither Disney nor the NFL would disclose the value of the ESPN stake. Analysts have estimated ESPN’s valuation at between $25 billion and $30 billion, putting the NFL’s piece in the $2.5 billion to $3 billion range.