Hulu Buys AT&T’s 9.5% Share of Hulu For $1.43 Billion

Today it was announced that Hulu has purchased AT&T’s 9.5% minority stake in Hulu for $1.43 billion. AT&T’s recent purchase of Time Warner gave them 10% ownership of Hulu but had no board seats. Now AT&T has agreed to sell that 9.5% share of Hulu back to Hulu for $1.43 billion. According to AT&T and Hulu, this “transaction did not require any governmental or other third-party approvals and was simultaneously signed and closed.”

Source: Hulu Buys AT&T’s 9.5% Share of Hulu For $1.43 Billion

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