Disney, Comcast now Hulu's only owners as AT&T exits

Disney, Comcast now Hulu's only owners as AT&T exits

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/a61b12f283fc411997bc19e9b9136b83

NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its sole owners.

Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing Hulu at $15 billion. AT&T came by its stake after buying Time Warner, which invested $583 million in Hulu in 2016.

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