April 15, 2019 / 9:26 PM / 2 months ago

Hulu buys back AT&T's 9.5 pct stake

April 15 (Reuters) - Streaming service company Hulu is buying back wireless carrier AT&T Inc's 9.5 percent stake in the company in a deal valued at $1.43 billion, the two companies said on Monday.

The transaction valued Hulu at $15 billion. AT&T said it will use proceeds here from the deal to cut down its debt.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur

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