Disney to Sell 50% Stake in A+E to Hearst for About $1.2 Billion
DIS Walt Disney Co
$110.59 -0.08%
View chart & analysis → - 1Hearst has agreed to acquire Disney's (DIS) 50% stake in A+E Global Media for approximately $1.2 billion in cash.
- 2The deal is expected to close in September, and A+E will become a wholly owned subsidiary of Hearst Entertainment Group.
- 3Disney is prioritizing streaming and ESPN, reassessing traditional linear TV assets amid declining cable subscriptions.
Source The Wall Street Journal +5 · View original ↗
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