Disney is in discussions to buy AT&T’s 10 percent stake in Hulu, which it comes into by way of its WarnerMedia acquisition, according to a report from Variety this morning. The news is not surprising — AT&T had already said it was exploring a sale. And Disney has been looking to increase its stake in Hulu following its deal for 20th Century Fox which, when closed, will see Disney picking up Fox’s 30 percent share in Hulu.
Currently, Disney owns a 30 percent stake in Hulu’s streaming service. That means the Fox deal will give it a 60 percent stake in Hulu. Snagging AT&T’s Hulu share would bring Disney’s ownership to 70 percent.
Comcast/NBCU is Hulu’s other major owner, but isn’t currently prepared to sell, Variety said.
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