Disney will sell its 50% stake in A+E Global Media to Hearst in a billion-dollar deal, TheWrap has learned. The company is expected to announce the sale in its earnings call next week.
This marks the company’s first strategic sale under the leadership of new CEO Josh D’Amaro. The deal is reportedly worth upwards of $1 billion and is all-cash, according to media reports. Rich Greenfield’s LightShed Partners initially reported news of the deal.
TheWrap reached out to Disney, Hearst and A+E for comment.
Comments
No comments on this item Please log in to comment by clicking here