Comcast Would Shed Fox’s 30% Stake In Hulu To Win Regulatory Approval [Deadline]

Disney might be set to gain even more control over Hulu: AT&T said it is considering selling WarnerMedia’s 10% stake in the streaming venture

Comcast Would Shed Fox’s 30% Stake In Hulu To Win Regulatory Approval [Deadline]

By Dawn C. Chmielewski and Dade Hayes

June 14, 2018 | Comcast is prepared to make concessions, including shedding Fox’s stake in the online streaming service Hulu, in order to win regulatory approval for its $65 billion offer to acquire most of 21st Century Fox’s film and television assets, according to sources.

The U.S. cable giant, in a competing bid submitted yesterday, promised to match any of the remedies The Walt Disney Co. offered to gain regulatory approval for its $52.4 billion offer to buy Fox. Disney’s offer of divestiture is believed to include Fox’s 22 regional sports networks or the company’s one-third interest in Hulu, through a Disney spokesperson did not respond to a request for comment.
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