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Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal
Aug 4 : Privately held U.S. media conglomerate Hearst on Tuesday struck a deal to acquire Disney's 50 per cent stake in A+E Global Media for about $1.2 billion in cash, giving it full ownership of the television and content business.Disney's exit from A+E follows the company's efforts to prioritize streaming
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variety.com
Hearst Clinches Deal to Buy Out A+E Global Media Stake From Disney
Hearst has set an agreement to buy 50% of A+E Global Media from Disney in a deal that brings the company back into national media in a big way.
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hollywoodreporter.com
Disney Sells Its Stake in A+E to Hearst for $1.2 Billion
The two companies had been equal partners in the joint venture, going back decades.
