H L Data Storage Store Banner 970x90
Breaking News

Nikon announces Z 30 APS-C size mirrorless camera and NIKKOR Z 400mm f/4.5 VR S Transcend Announces Blazing-Fast Portable SSD ESD380C Sony unveils new PC gaming gear brand “INZONE” to maximise performance and ability with dedicated gaming monitors and headsets Meet the New Galaxy XCover6 Pro Colorful Technology, Gigabyte and EVGA also announces GeForce GTX 1630

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hulu Buys AT&T’s Minority Stake in Joint Venture

Hulu Buys AT&T’s Minority Stake in Joint Venture

Enterprise & IT Apr 16,2019 0

Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday.

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.

The sale of AT&T’s 9.5 percent stake to Hulu in a cash deal gives Walt Disney Co, which holds a 60 percent stake in Hulu via a joint venture, more control of the company.

Comcast’s NBCUniversal has a 30 percent stake in Hulu.

AT&T, which is preparing to launch its own subscription streaming video service later this year, said that its unit WarnerMedia would continue to work with Hulu to deliver content over the platform.

Tags: HuluAT&T
Previous Post
Samsung Completes 5nm EUV Development As it Races With TSMC
Next Post
‘Forza Street’ Now Available for Windows 10 and Mobiles

Related Posts

  • Alphabet's Loon and AT&T to Offer Global Connectivity Solutions

  • Wireless Companies Extend Concessions for Coronavirus-hit Until June 30

  • AT&T Revenue Drops 4.5%, Company Withdraws Guidance

  • AT&T's Xandr Announces New Data-Driven Advertising Technology

  • AT&T, Palo Alto Networks and Broadcom Collaborate on a Disaggregated Scalable Firewall

  • AT&T and Google Cloud Team Up to Enable Network Edge 5G Computing Solutions for Enterprises

  • AT&T TV Launches Today

  • FCC Proposes Over $200 Million fines Against Wireless Carriers For Failing to Protect Consumer Location Data

H L Data Storage Store Banner 300x600

 

Latest News

Nikon announces Z 30 APS-C size mirrorless camera and NIKKOR Z 400mm f/4.5 VR S
Cameras

Nikon announces Z 30 APS-C size mirrorless camera and NIKKOR Z 400mm f/4.5 VR S

Transcend Announces Blazing-Fast Portable SSD ESD380C
Enterprise & IT

Transcend Announces Blazing-Fast Portable SSD ESD380C

Sony unveils new PC gaming gear brand “INZONE” to maximise performance and ability with dedicated gaming monitors and headsets
Gaming

Sony unveils new PC gaming gear brand “INZONE” to maximise performance and ability with dedicated gaming monitors and headsets

Meet the New Galaxy XCover6 Pro
Smartphones

Meet the New Galaxy XCover6 Pro

Colorful Technology, Gigabyte and EVGA also announces GeForce GTX 1630
GPUs

Colorful Technology, Gigabyte and EVGA also announces GeForce GTX 1630

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed