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