MLB.com IPO: You Can Just "Strike Out" The Idea
In Sept. 2005, Wall Street was abuzz when a New York Post story reported that a bunch of Wall Street firms were hoping to take MLB.compublic and that an IPO could have been worth up to $3 billion to the all 30 teams that own the site.
The official word was that the offer was looked at, but in the end rebuffed. Since then, there have been some more rumors that they could potentially look at going public again. Well, this morning MLB Advanced Media CEO Bob Bowman came on "The Call" with me and, let's just say, put it to rest forever.
"I would say the prospects (of MLB.com going public) are about as likely as my filling out a perfect bracket (roughly 1 in 9.2 quintillion)," Bowman told me. "They are not high. So I hope that doesn't mean I don't get a chance to talk to you on TV anymore. I think a lot of us see the value of being a private company these days even if we're not in baseball. You can focus on the long term and become a better company than a better stock. That's what we're trying to do."
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