Tue, 2019-04-16 02:05
Hulu is buying back wireless carrier AT&T Inc’s 9.5 percent stake in the US entertainment streaming service in a deal valued at $1.43 billion, the two companies said on Monday.
Hulu, which competes with Netflix Inc. and Amazon.com’s Prime Video, has more than 25 million subscribers and is expected to lose $1.5 billion in the current fiscal year.
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