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Hulu buys back AT&T stake

April 16, 2019 11.18 Europe/London By Julian Clover

AT&T has sold its minority stake in Hulu back to the streaming video joint venture.

The transaction values Hulu at $15 billion (€13.3 billion) with AT&T’s 9.5% holding valued at $1.43 billion.

It’s the latest shift in the alignment of US Media following the AT&T takeover of Warner and the split of Fox.

“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.

No governmental or third party approvals were required.

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Filed Under: Finance, Newsline Tagged With: AT&T, Hulu Edited: 17 April 2019 11:29

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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