Wednesday, August 03, 2016
Time Warner Buys 10% Stake in Hulu for $583 Million
As expected, Time Warner has acquired a 10% minority stake in Hulu, the subscription streaming service co-owned by The Walt Disney Co., 21st Century Fox and Comcast. The $583 million investment values Hulu at about $5.8 billion — reportedly three-times what it was worth in 2012.
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