Thursday, April 25, 2019

Report: Comcast Considering Sale Of Stake In Hulu

It appears that another one of the owners of Los Angeles-based streaming television provider Hulu may be looking to unload its current, minority stake in the company, according to a report from CNBC this morning. According to CNBC, Comcast is looking to sell its current 30 percent stake in Hulu to Disney. The report named "people familiar with the matter" in the report. Hulu just purchased a 9.5 percent stake in the company from AT&T, which had acquired its interest in Hulu when it bought Time Warner.

---