ESPN takes control of NFL Network in blockbuster media shake-up

After years of collaboration, ESPN and the National Football League are deepening their relationship in a deal that could reshape how American football is watched, streamed and played online. The Walt Disney Co (NYSE:DIS, ETR:WDP) owned sports network is set to acquire NFL Network,  along with a handful of key media assets, in exchange for a 10% stake in ESPN, according to a joint announcement after hours.