Disney to sell 50% stake in A+E Media to Hearst in all-cash, billion-dollar deal

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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.

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