Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

Credit: Reuters- Published on April 16, 2019
Hulu has bought back wireless carrier AT&T Inc's stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday.
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Credit: Reuters Studio
Published on April 16, 2019 -  01:11
Hulu's valuation nearly triples
Hulu earned a $15 billion valuation when it bought back AT&T's stake in the company for $1.4 billion. But as Fred Katayama reports, it's still worth one-tenth that of Netflix.

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