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Telco & CSP

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from AT&T News Room

Telco & CSP

Hulu buys AT&T’s minority stake in joint venture

Via AT&T News Room

Apr 16, 2019

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.

Related Topics
  • Announcement,
  • AT&T,
  • Media & Entertainment,
  • North America,
  • Telco & CSP,
  • Tracker

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