Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

Hulu has bought back wireless carrier AT&T Inc's stake in the U.S. entertai...

- Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday.

Comcast Corp’s NBCUniversal has a 30 percent stake in Hulu. Based on the joint venture agreement, Disney and Comcast will decide how they want to allocate the shares bought from AT&T. AT&T, which is preparing to launch its own subscription streaming video service later this year, said that its unit WarnerMedia would continue to work with Hulu to deliver content over the platform. It did not give further details.

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