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Disney Offloads A+E Stake To Hearst In $1.2 Billion Deal - Walt Disney (NYSE:DIS)
The Walt Disney Co. is cashing out of A+E Global Media, selling its 50% stake to Hearst for about $1.2 billion in cash.
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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.
