The deal, to be paid for with a mix of cash and debt, values A+E, which owns A&E, Lifetime and History, at a reported US$19.2 billion.
It is expected that Comcast will use the proceeds of the sale to move towards a purchase of the part of NBC Universal that it does not already own.
The deal follows a decision by Comcast in March to exercise an option to exit the three-way ownership structure set up when A&E acquired Lifetime in 2009, leaving Hearst and Disney as 50:50 co-owners of the venture.
ICYMI: CBS All Access and CBS Sports to be English-language home of Champions League in US digitaltveurope.com/2020/07/10/cbs… https://t.co/LYB6BdMa0Q
10 July 2020 @ 20:00:01 UTC