Hearst to Acquire Disney’s Stake in A+E Global Media for $1.2 Billion
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Hearst has reached a deal to acquire The Walt Disney Company’s 50% stake in A+E Global Media, parent company of Lifetime, History Channel and A&E Network, for $1.2 billion in cash. Disney and Hearst have been equal partners in the joint venture for more than decades. The acquisition consolidates ownership of A+E Global Media under Hearst.
The deal allows Disney to divest from a media asset as the company refocuses its strategy. No right-leaning sources were found to report on this transaction.
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