Disney has officially acquired 100% of BAMTech, the streaming video tech company that it acquired majority ownership of in 2017 from MLB, notes the Hollywood Reporter. According to a footnote in the company’s annual report, which it filed Tuesday, Disney paid MLB $900 million for its 15% stake in the company, now known as “Disney Streaming,” earlier in November.
Disney and MLB had the right to force a buyout of the stake "based on its fair market value beginning earlier this year." Disney had bought the NHL's 10% stake in BAMTech for $350 million last year.
BAMTech powers Disney+, Hulu and Disney’s other offerings, and "has become a critical part of the company’s streaming infrastructure."