Disney is close to owning a majority stake in Hulu, and now the company is reportedly looking to expand that by acquiring AT&T’s 10 percent stake in the streaming service.
Disney is in active talks with AT&T to buy its stake in Hulu, according to Variety. The sale would reportedly net AT&T close to $1 billion and give Disney up to a 70 percent ownership in Hulu. Disney already owns 30 percent of Hulu, and it’s in the process of acquiring 21st Century Fox, which owns another 30 percent.
AT&T executives have talked about a sale in past, announcing in a conference last November that the company was interested in selling its minority stake. WarnerMedia, now owned by AT&T, is gearing up to launch a standalone streaming service of its own.
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