Fox will sell Sky stake to Comcast for $15 billion, reducing Disney's debt - News Summed Up

Fox will sell Sky stake to Comcast for $15 billion, reducing Disney's debt


Another major part of Disney’s streaming strategy is Hulu, which it will control as a result of the acquisition. Disney will own 60% of the streaming service after the deal closes, which is expected to happen in 2019. Comcast owns 30% of Hulu, and AT&T’s WarnerMedia holds the remaining 10%. It is still unclear what Comcast and AT&T will do with their Hulu stakes; many analysts expect they will sell the stakes to Disney.


Source: Los Angeles Times September 26, 2018 16:42 UTC



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