0
Broadband

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

Tuesday 16 April 2019 | 09:04 CET | News
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 values Hulu at USD 15 billion. The transaction will not require any approval, which means it was signed and closed. Hulu CEO Randy Freer said the company looked forward to collaborating still with AT&T in the future and that WarnerMedia will remain a "valued partner" for years to come. AT&T meanwhile said it will use the money raised from the sale, along with other planned sales of non-core assets, to reduce its debt. 

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: AT&T / Comcast / Disney / Hulu
Countries: United States / World
::: 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

Hulu launches on Android TV

Published 31 Jul 2019 09:32 CET | United States
US OTT TV service Hulu announced it's launching on Android TV devices. From early August, Hulu + Live TV and its updated user ...

Hulu CFO moves to Amazon Studios

Published 22 Jul 2019 16:55 CET | United States
Hulu's CFO Elaine Paul has left the streaming service and taken a new job at Amazon, The Information reports. Paul, a Disney ...

AT&T's one-tier WarnerMedia streaming service to cost USD 16-17 per month - report

Published 07 Jun 2019 09:21 CET | United States
AT&T's WarnerMedia new streaming service may combine HBO, Cinemax, its own TV and movie assets and original content, the Wall ...

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 ...

Hulu grows to over 28 mln subscribers, announces new content deals

Published 01 May 2019 16:06 CET | United States
US OTT TV service Hulu announced that it's passed 28 million subscribers, including 26.8 million monthly paid subscribers and 1.3 ...

Comcast negotiating sale of Hulu stake to Disney - report

Published 26 Apr 2019 11:23 CET | United States
Comcast is in talks over the possibility of divesting its 30 percent stake in streaming platform Hulu to Disney, according to ...

AT&T says on track with debt reduction after small rise in Q1 adjusted earnings

Published 24 Apr 2019 13:20 CET | United States
AT&T reported revenues up 17.8 percent in the first quarter to USD 44.8 billion, driven by its takeover of Time Warner, expansion ...

Last week in media: European broadcasters and ad agencies up, music shares down

Published 22 Apr 2019 07:00 CET | World
Some of the biggest ad agencies, including Publicis (+9.3%) and Omnicom (+7.7%), led the media sector higher in week 16. Also, ...

AT&T verkoopt belang in Hulu voor USD 1,43 miljard

Published 16 Apr 2019 09:15 CET | United States
Hulu-topman Randy Freer zegt dat het bedrijf uitkijkt naar samenwerking met AT&T in de toekomst en dat WarnerMedia nog jarenlang ...

AT&T considers sale of HBO Europe to cut debt - report

Published 10 Apr 2019 11:06 CET | Europe
AT&T has held internal discussions about selling its HBO Europe business as it looks to reduce its USD 170 billion debt burden, ...

Disney in talks to buy Hulu stake from WarnerMedia - report

Published 28 Feb 2019 09:58 CET | United States
Disney is reportedly in talks to buy WarnerMedia's 10 percent share in Hulu, Variety said, citing sources with knowledge about ...

AT&T raises USD 5 billion for debt refinancing

Published 15 Feb 2019 11:48 CET | United States
AT&T has raised USD 5 billion in new debt for refinancing. The issue included USD 3 billion in 4.35 percent notes due 2029 and ...

Hulu to adjust prices from 26 Feb

Published 24 Jan 2019 09:13 CET | United States
US online TV service Hulu plans to adjust its prices from 26 February, with its cheapest option going down, its middle one ...

Hulu passes 25 mln subscribers in 2018, ad revenues grow 45%

Published 08 Jan 2019 18:24 CET | United States
The OTT TV service Hulu announced that it passed 25 million subscribers in 2018. The company last reported 20 million in ...

Hulu viewers watch over 26 mln hours of content per day

Published 17 Dec 2018 09:38 CET | United States
US online TV service Hulu said viewers streamed over 26 million hours per day this year. The most streamed TV episode, across all ...

Hulu adds Spanish, Entertainment packages to live TV offer

Published 02 Nov 2018 09:33 CET | United States
US online TV service Hulu announced two new add-on packages for its Live TV subscribers, offering Spanish-language and ...

Hulu starts ad campaign after hitting 1 mln live TV subscribers

Published 19 Sep 2018 08:37 CET | United States
US streaming service Hulu has launched a new ad campaign after it passed 1 million subscribers for its live TV service, USA Today ...





Calendar   /   Industry Events

18 Oct Digi Q3 2019
18 Oct Reliance Jio fiscal Q2
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Calix Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap 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 Orange Belgium Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Netgear Q3 2019
23 Oct Millicom Q3 2019
23 Oct Annual Customer Service Summit
24 Oct Netia Q3 2019
24 Oct Nokia Q3 2019
24 Oct Comcast Q3 2019
24 Oct Verisign Q3 2019
24 Oct STMicroelectronics Q3 2019
24 Oct Juniper Networks Q3 2019
24 Oct Nordic Entertainment Q3 2019
24 Oct Amazon Q3 2019
24 Oct HKBN fiscal FY
24 Oct Maxlinear Q3 2019
24 Oct Televisa Q3 2019
25 Oct Doro Q3 2019
25 Oct Megacable Q3 2019
::: More Calendar Items