Thursday, November 29, 2018

AT&T May Sell Stake In Hulu

AT&T is looking to possibly sell its 10 percent stake in Los Angeles-based television streaming service Hulu, as part of its plan on digesting Time Warner. According to At&T CFO John Stephens, the company may sell of its 10 percent stake in Hulu as part of a larger sale of "non-core" assets after it paid $85.4 billion for Time Warner. AT&T now owns Warner Bros., CNN, HBO, and other cable channels as a result of its buy of Time Warner. Time Warner purchased its 10 percent stake in Hulu in 2016.