Sources Say Comcast May Sell Hulu Stake to Disney -- CNBC
April 25 2019 - 11:45AM
Dow Jones News
--Comcast Corp. (CMCSA) may sell its 30% stake in
video-streaming platform Hulu to The Walt Disney Co. (DIS), CNBC
reported Thursday, citing "people familiar with the matter."
--The two companies have been holding talks, though it is unsure
if a deal will be completed, the report said.
--Earlier this month, AT&T Inc. (T) sold its minority stake
in Hulu back to the company in a deal that values the streaming
site at around $15 billion.
Full story:
https://www.cnbc.com/2019/04/25/comcast-is-pondering-a-sale-of-its-minority-stake-in-hulu-to-disney.html
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 25, 2019 11:30 ET (15:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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