US cable and media giant Comcast’s NBC Universal unit has agreed to sell its 15.8% stake in A+E Networks to co-owners The Walt Disney Company and Hearst for US$3.03 billion (€2.46 billion).
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.
REMINDER: Complete the survey "The UI and the customer: editorialisation, personalisation and engagement" by Octobe… twitter.com/i/web/status/1…
22 October 2020 @ 12:30:00 UTC
.@Technicolor partners with @Google for #AndroidTV hybrid device development digitaltveurope.com/2020/10/22/tec…
22 October 2020 @ 10:12:26 UTC
.@SamsungUK expands reach of TV Plus AVOD and adds new features digitaltveurope.com/2020/10/22/sam…
22 October 2020 @ 10:12:02 UTC
Deutsche TV-Plattform proposes plan for CI+ 2.0 roadmap digitaltveurope.com/2020/10/22/deu…
22 October 2020 @ 10:11:42 UTC
.@DisneyPlusUK introduces GroupWatch feature #DisneyPlus digitaltveurope.com/2020/10/22/dis…
22 October 2020 @ 10:11:33 UTC
