when did disney purchase espn - Search
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  2. 1995
    • According to 3 sources
    Apparently, no one saw this coming. In 1995, the Walt Disney Company announced its merger with Capital Cities/ABC Inc. for a whopping $19 billion. Along with the already-powerful network that was ABC, Capital Cities also had 225 stations they were affiliated with, eight TV stations, and 80 percent ownership of ESPN.
    Disney’s $19 billion purchase of the company in 1995 was considered the second-largest corporate takeover ever, bringing together two of the world’s leading media and family entertainment companies.
    Back in 1995 when Disney merged with Capital Cities/ABC, ESPN was considered the crown jewel in the acquisition, as it was the first stop in sports news and highlights and the locomotive for a still-expanding cable business.
     
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