Hulu buys back AT&T’s 9.5 per cent stake

Hulu buys back AT&T’s 9.5 per cent stake

Hulu has bought back wireless carrier AT&T’s stake in the US entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion. The sale of AT&T’s 9.5 per cent stake to Hulu in a cash deal gives Walt Disney, which holds a 60 per cent stake in Hulu via a joint venture, more control of the company.

KCooper
KCooper
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