ESPN acquiring NFL Media assets in seismic billion-dollar pact

The NFL has reached a colossal pact with ESPN, with the Worldwide Leader poised to acquire some of the league’s premier media assets in a union that could be worth “billions,” The Athletic’s Andrew Marchand reported Friday.

Although an official announcement is not anticipated until next week, it is believed “ESPN is expected to have access to ‘RedZone’, NFL Network, seven more regular-season games, the NFL’s fantasy football business, potential to integrate special features (including betting) and potentially more assets,” per the report.

In exchange, the NFL would receive “equity in ESPN that is potentially worth billions.”

The Athletic reported the deal requires “regulatory approval,” with a timeline that could span between nine months to a year.

The NFL and ESPN declined to comment to The Athletic.

This story is developing, please check back for updates.