Comcast in talks to sell its stake in Hulu to Disney: CNBC

(Reuters) - Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

Reuters April 26, 2019 00:05:52 IST
Comcast in talks to sell its stake in Hulu to Disney: CNBC

Comcast in talks to sell its stake in Hulu to Disney CNBC

(Reuters) - Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

The report comes 10 days after Hulu bought back wireless carrier AT&T Inc's stake in the U.S. entertainment streaming service for $1.43 billion.

With Comcast's stake, Disney will now have a 90 percent share in Hulu.

Comcast, Hulu and Disney did not immediately respond to requests for comment.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

JPMorgan freezes donations to Republicans who contested 2020 election
Business

JPMorgan freezes donations to Republicans who contested 2020 election

By Pete Schroeder WASHINGTON (Reuters) - JPMorgan Chase & Co will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden's election victory, according to an internal memo on Friday seen by Reuters. The bank was among many corporations that paused political giving following the deadly Jan

Square considers making bitcoin hardware wallet - Dorsey
Business

Square considers making bitcoin hardware wallet - Dorsey

(Reuters) - Fintech company Square Inc is considering making a hardware wallet for bitcoin, Chief Executive Officer Jack Dorsey said in a tweet https://twitter.com/jack/status/1400839179513339905 on Friday. As bitcoin and other crypto-currencies have gained in popularity, many companies have emerged to serve a growing need to protect these assets from online theft. Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins.

Critics still unhappy as EU clarifies revamped copyright rules
Business

Critics still unhappy as EU clarifies revamped copyright rules

By Foo Yun Chee BRUSSELS (Reuters) -The European Commission on Friday defined the scope of revised copyright rules adopted last year following criticism from governments, including France and Poland, but EU broadcasters and internet activists said there was a danger of censorship. The revamped copyright directive, the first overhaul in two decades, aimed to provide fair compensation for the bloc's $1 trillion creative industry and its 11.7 million employees. A central provision, Article 17, backed by the creative industry, would force Google-owned YouTube, Facebook's Instagram and other sharing platforms to install filters to prevent users from uploading copyrighted materials