Disney Expected to Sell 50% Stake in A+E to Hearst for More Than $1 Billion

Disney Expected to Sell 50% Stake in A+E to Hearst for More Than $1 Billion

Disney is getting ready to shed its ownership stake in A+E Global Media, the cable-focused programmer it has owned jointly with Hearst for more than a decade. Disney will sell its 50% stake in A+E Global Media (formerly known as A+E Networks) to Hearst, in a transaction valued at over $1 billion, a source familiar with the plans confirmed. The sale, giving Hearst 100% control over A+E going forward, is expected to be finalized next week and an…

Disney to Sell 50% Stake in A+E Media to Hearst in All-Cash, Billion-Dollar Deal

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. Th…

Disney Selling A+E Global Media Stake To Hearst For $1 Billion

Disney is shedding a linear asset, selling its 50% stake in A+E Global Media to co-owner Hearst Communications, Deadline has learned. The deal, believed to be worth north of $1 billion and all-cash, is being finalized and is expected to be revealed at Disney’s earnings call next week. Word of the pending announcement was tweeted […]

Disney Selling A+E Global Media Stake To Hearst In Billion-Dollar Deal

Disney is shedding a linear asset, selling its 50% stake in A+E Global Media to co-owner Hearst Communications, Deadline has learned. The deal, believed to be worth north of $1 billion and all-cash, is being finalized and is expected to be revealed at Disney’s earnings call next week. Word of the pending announcement was tweeted…