Disnep In Talks With AT&T To Buy WarnerMedia’s Hulu Stake

Walt Disney Co is actively pursuing the purchase of WarnerMedia’s nearly 10 percent stake in Hulu, entertainment business news portal Variety reported on Wednesday, citing sources.

Disney, Comcast and Twenty-First Century Fox Inc each had a 30 percent stake in the video streaming service Hulu, as of September 2018.

Time Warner, renamed WarnerMedia after its acquisition by telecom company AT&T Inc, holds a 10 percent passive stake in Hulu.

 In November last year, AT&T committed to cutting its heavy debt load in 2019 through a variety of measures, including a review of all of its non-core assets such as its stake in Hulu for a possible sale.

Disney, Hulu and AT&T did not immediately respond to Reuters’ request for comment.