16 Apr Hulu buys AT&T’s stake for $1.43 billion [LA Times]
By Wendy Lee and Meg James
April 15, 2019 | Telecommunications giant AT&T sold its nearly 10% interest in Hulu for $1.43 billion, returning its stake in the streaming service now controlled by Walt Disney Co. AT&T said the deal, announced Monday, valued the Santa Monica-based streaming service at $15 billion.
AT&T was expected to sell its interest in Hulu as AT&T’s WarnerMedia starts its own streaming service later this year.