Hulu now valued at $15 billion after buying back stake owned by AT&T

0
93

Hulu is now valued at $15 billion following the company’s repurchase of a 9.5% stake owned by AT&T.  According to Reuters, the telecommunications giant received $1.43 billion for its stake in the video streamer. Before the deal was announced, entertainment giant Disney owned 60% of Hulu via a joint venture. Comcast’s NBCUniversal unit owns 30% of Hulu. Both Disney and Comcast will decide how to split up the chunk of equity that was just bought from AT&T.
AT&T acquired the 9.5% ownership of Hulu when it purchased TimeWarner last year. The company said …

Go to Source