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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.

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