AT&T sells Hulu stake, valuing the video streaming company at $15 billion

AT&T sells Hulu stake, valuing the video streaming company at $15 billion

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/15/att-sells-hulu-stake-valuing-company-at-15-billion.html

Hulu has repurchased AT&T's 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion.

The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion.