April 16 - 10:04
Hulu buys back AT&T's stake for $1.4 billion
Hulu has reclaimed AT&T's stake in the streaming service for $1.4 billion. The deal means Hulu is now valued at $15 billion. Consequently, Walt Disney Co has more control over Hulu, in which it has a 60% stake through a joint venture. This could lead to a more Disney-centric service. Hulu has 25 million subscribers but is expected to lose $1.5 billion during its current financial year.
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