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ESPN strikes a deal to acquire NFL Network, NFL Fantasy, and RedZone channel rights, while the NFL gains a 10% equity stake in ESPN.

LOS ANGELES, Aug 5 (Reuters) - Walt Disney's (DIS.N) ESPN has reached a landmark deal with the National Football League to acquire NFL Network and other media assets from the league in exchange ...

ESPN announced Wednesday that it has made a non-binding agreement with the National Football League to acquire the NFL Network and some other media assets.

Disney's acquisition of NFL Network and RedZone gives the company unprecedented control over America's most popular sport.

ESPN will acquire NFL Network and other media assets from the NFL in exchange for the league taking a 10% equity stake in the all-sports network as part of a landmark agreement.

Under the terms, ESPN will acquire NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators and the league will get a 10% equity stake in ESPN.

ESPN, a subsidiary of The Walt Disney Company, announced on Tuesday that it will officially acquire the National Football League (NFL) Network in a landmark agreement.