MLB Advanced Media, the technology division under Major League Baseball, is reportedly considering an initial public offering. Robert Bowman, president of business and media for Major League Baseball, has hired Goldman Sachs (GS) and Evercore Partners (EVR) to explore options for going public, according to sources cited by the New York Post. MLB Advanced Media is a limited partnership of the club owners of Major League Baseball that says it delivers digital experiences and distributes content through all forms of interactive media. The company operates the league’s official Web site as well as the 30 club sites. It’s teamed up with brands like Minor League Baseball, YES Network, World Wrestling Entertainment (WWE) and others. The move would reportedly not include MLB.com or any other baseball assets. The tech company values the non-baseball division at around $3 billion, according to a source cited by the Post, with the overall entity valued at $10 billion.
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