ESPN reportedly selling equity stake for RedZone and other NFL properties

• NFL to receive equity stake in ESPN, per report

• Deal adds seven games, fantasy to ESPN's assets

• Regulatory approval could take up to a year

ESPN has reached a deal with the NFL to purchase RedZone, NFL Network and other league holdings, the Athletic reported on Friday.

The NFL will receive equity in ESPN that is potentially worth billions" in exchange, according to the report. An official announcement is expected next week, ending a four-year period of complicated, on-and-off negotiations.