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Facebook lands exclusive rights to stream 25 regular season MLB games

San Francisco Giants
San Francisco Giants. Photo: Allan Hamilton/Icon Sportswire/Corbis via Getty Images

Facebook and the MLB have agreed to stream 25 afternoon games in the U.S. Neither party has disclosed financial terms, Bloomberg, who first reported the deal, says that the price tag is somewhere around $30 million.

Why it matters: It's the first time a major league sports franchise will exclusively air a series of regular games on Facebook. (Facebook competitors, like Amazon and Twitter, have landed such deals with he NFL.)