Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Hulu Buys Back AT&T’s 10% stake for $1.43 billion

Roshan Dwivedi Published on : 16 April 2019
Hulu Buys Back AT&T’s 10% stake

Hulu, the American streaming service company acquires AT&T’s 10% (technically 9.5%) stake in the company over a deal of $1.43 billion. With this transaction, the unprofitable Hulu now values at $15 billion.

As AT&T exits the board, Disney and Comcast remain the sole owner of Hulu with 60% and 30% stakes respectively.

Upon this acquisition, Randy Freer, Hulu CEO said: “We thank AT&T for their support and investment over the past two years and look forward to collaboration in the future”.

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
June 27

9:00AM PST

Leveraging Analytics for Success in the Streaming Industry

A streaming platform’s success is crucially dependent on data. In today’s competitive streaming landscape, data is king. This webinar will unlock the secrets of using analytics to gain…...

Event Language: English
30 Minutes