Acquired companyDate of acquisitionPrice of acquisitionCapital Cities/ABC Inc.February 9, 1996$19 billionStarwaveApril 30, 1998$400 millionInfoseekJuly 12, 1999$1.77 billionFox Family WorldwideOctober 24, 2001$2.9 billion

When did Disney buy ABC and ESPN?

From the network’s founding, its majority owner was Getty Oil. ABC acquired ESPN in 1984, selling 20% to Nabisco, who later sold its share to Hearst Corporation. When The Walt Disney Company acquired ABC’s parent company Capital Cities/ABC, Inc. in 1996, ESPN became a subsidiary of Disney.

Does ABC owns Disney?

The change is the result of a failure to reach a new deal with Disney, which owns ESPN, ABC and other networks, by Friday. … Other channels that were lost as of Saturday include several FX networks, Freeform, the SEC and ACC networks, as well as several Disney channels and National Geographic networks.