Michael Eisner: ESPN was great acquisition

Ex Disney CEO: Bought CapCities/ABC because of ESPN

Former Walt Disney CEO Michael Eisner calls his 1995 decision to buy CapCities/ABC "one of the best acquisitions maybe of that whole century," particularly because it included sports powerhouse ESPN.

"We spent the $19 billion because we wanted ESPN," he told the Associated Press in an interview otherwise centered on Tuesday's release of his book "Working Together: Why Great Partnerships Succeed."

According to Eisner, 68, he met then-CBS Corp. CEO Larry Tisch and CapCities/ABC CEO Tom Murphy and had to decide which broadcaster to buy.
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