0
Broadband

Comcast negotiating sale of Hulu stake to Disney - report

Friday 26 April 2019 | 11:23 CET | News
Comcast is in talks over the possibility of divesting its 30 percent stake in streaming platform Hulu to Disney, according to unnamed sources cited by CNBC. Disney is already Hulu's 60 percent majority owner following its acquisition of 21st Century Fox's 30 percent stake and Hulu's recent deal to buy back AT&T's 9.5 percent stake for USD 1.43 billion, valuing the company at USD 15 billion. Comcast, meanwhile, is currently weighing up whether the timing is right to sell its stake, considering that Hulu's valuation may still rise, said the sources.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: Comcast / Disney / Hulu
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Comcast gives Disney control of Hulu, agrees buy-out option

Published 14 May 2019 16:30 CET | United States
Comcast has agreed to hand control of the OTT TV platform Hulu to Disney. The latter already owns a majority of the shares and ...

Comcast acquires Deep Blue Communications

Published 02 May 2019 10:05 CET | United States
Comcast completed the acquisition of Deep Blue Communications, a Latham, NY-based industry specialist in engineering, installing, ...

Last week in media: video and gaming up, music down, Walt Disney sets record, CEOs in the spotlight

Published 29 Apr 2019 07:00 CET | World
Quarterly results came in for the social media segment: Twitter (+12%), Snap (-6.5%) and Facebook (+7.4%). The two big ...

Hulu buys back AT&T's 9.5% stake for USD 1.43 bln

Published 16 Apr 2019 09:04 CET | United States
AT&T has sold its 9.5 percent minority stake in Hulu back to the US online TV service for USD 1.43 billion. The transaction ...

Comcast wins bidding for Sky with offer of GBP 30.6 bln

Published 23 Sep 2018 10:26 CET | Europe | Update: 24 Sep 2018 09:18 CET
US cable operator Comcast has won the bidding to acquire European pay-TV provider Sky in the auction with rival 21st Century Fox ...

Disney agrees higher bid with cash for 21st Century Fox

Published 20 Jun 2018 16:45 CET | United States
21st Century Fox has agreed a new takeover offer from Disney, adding a cash element to the originally all-stock deal and beating ...





Calendar   /   Industry Events

15 Oct Broadband World Forum 2019
16 Oct Netflix Q3 2019
16 Oct Limelight Networks Q3 2019
16 Oct Dtac Q3 2019
16 Oct Crown Castle Q3
16 Oct Berec stakeholder forum
17 Oct Ericsson Q3 2019, Investors day
17 Oct Elisa Q3 2019
17 Oct Telia interim report
17 Oct Central European Media Q3 2019
17 Oct Tele2 Q3 2019
18 Oct Digi Q3 2019
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Netgear Q3
23 Oct Microsoft fiscal Q1
23 Oct Annual Customer Service Summit
::: More Calendar Items