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.