ESPN and the National Football League on Tuesday formally announced an agreement in which ESPN will acquire NFL Network, the linear NFL RedZone Channel and NFL Fantasy in exchange for a 10 percent equity stake in ESPN.

The deal, pending final approval by NFL owners and other conditions, will bring major NFL media properties under the Disney-owned network and expand ESPN's football offerings across both traditional and streaming platforms.

"Since its launch in 2003, NFL Network has provided millions of fans unprecedented access to the sport they love," NFL commissioner Roger Goodell said in a statement. "Whether it was debuting Thursday Night Football, televising the Combine, or telling incredible football stories through original shows and breaking news, NFL Network has delivered. The Ne

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