Hulu buys AT&T’s stake for $1.43 billion [LA Times]

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

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.

Read more on LA Times.

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