Hulu bought back AT&T's 9.5 percent stake in the entity for $1.43 billion, valuing the streaming company at $15 billion.
Hulu has repurchased AT&T's 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion.
div > div.group > p:first-child"> The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion.
Hulu is owned by a group of media companies, including Comcast, which owned 30 percent of the company before today; and Disney, which owned 60 percent, including 30 percent gained in its recent acquisition of Fox. AT&T said it will use proceeds of the transaction to reduce its debt. AT&T purchased Time Warner last year, giving the company ownership of HBO, which has its own streaming offerings.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hulu bought AT&T's 9.5% stake in the streaming service for $1.43 billion, valuing itself at $15 billionHulu bought AT&T's 9.5% stake in the streaming service the companies said Monday. The transaction valued Hulu at $15 billion.
Weiterlesen »
How Much Streaming Can We Take? New Data Sheds Light On The OTT RevolutionMore than half of all American adults are consuming OTT content from services like Netlfix, Amazon Prime, Hulu and now Apple, either to supplement or completely replace legacy cable and broadcast
Weiterlesen »
Hulu bought AT&T's 9.5% stake in the streaming service for $1.43 billion, valuing itself at $15 billionHulu bought AT&T's 9.5% stake in the streaming service the companies said Monday. The transaction valued Hulu at $15 billion.
Weiterlesen »
U.S. Officials Pressure Russia-Linked Buyout Firm to Sell Stake in Cybersecurity CompanyU.S. national security officials told a private-equity firm partly backed by a Russian billionaire named in the Steele dossier to sell its stake in cybersecurity firm Cofense.
Weiterlesen »
AT&T accidentally streamed 'Game of Thrones' hours before it was supposed toAfter years of anticipation, some GameofThrones fans got to watch the Season 8 premiere 4 hours early yesterday thanks to an accidental stream by AT&T.
Weiterlesen »
AT&T accidentally streamed 'Game of Thrones' hours before it was supposed to on SundayAT&T's DirecTV Now service accidentally streamed Sunday's episode of Season 8 of 'Game of Thrones' a full four hours early.
Weiterlesen »