AT&T sells Hulu minority stake back to Hulu
Monday, April 15th, 2019
Hulu Buys AT&T’s Minority Stake in Joint Venture
AT&T (NYSE:T) and Hulu today announced an agreement by which AT&T has sold its minority stake in Hulu back to the streaming video joint venture. The transaction valued Hulu at $15 billion, with AT&T’s 9.5% interest valued at $1.43 billion. The transaction did not require any governmental or other third-party approvals and was simultaneously signed and closed.
“We thank AT&T for their support and investment over the past two years and look forward to collaboration in the future. WarnerMedia will remain a valued partner to Hulu for years to come as we offer customers the best of TV, live and on demand, all in one place,” said Hulu CEO Randy Freer.
AT&T will use proceeds from this transaction, along with additional planned sales of non-core assets, to reduce its debt.
Latest News
- Space Norway orders THOR 8 satellite from Thales Alenia Space
- Barb appoints MediaSense and Snowflake for Barb Data Hub
- Lionsgate reports results for third quarter FY2025
- LG Ads study shows dramatic shift to CTV for live sports
- Gray Media to broadcast Super Bowl on NEXTGEN TV with HDR
- Airtel adds 29,000 Digital TV subscribers in 4Q 2024