AT&T sells Hulu stake, valuing the video streaming company at $15 billion

Hulu has repurchased AT&T's 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion.

div > div.group > p:first-child"> The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion.

Hulu is owned by a group of media companies, including Comcast, which owned 30 percent of the company before today; and Disney, which owned 60 percent, including 30 percent gained in its recent acquisition of Fox. AT&T said it will use proceeds of the transaction to reduce its debt. AT&T purchased Time Warner last year, giving the company ownership of HBO, which has its own streaming offerings.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

U.S. Officials Pressure Russia-Linked Buyout Firm to Sell Stake in Cybersecurity CompanyU.S. national security officials told a private-equity firm partly backed by a Russian billionaire named in the Steele dossier to sell its stake in cybersecurity firm Cofense. Don’t worry, realDonaldTrump will still personally deliver our top secret info to you. ulywang Anyone that the USA believes is a threat to their dominant position in the world is automatically deemed a security threat. Then the US bullies other countries to follow suit.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »