April 25, 2019 / 3:17 PM / 3 months ago

Comcast in talks to sell its stake in Hulu to Disney - CNBC

April 25 (Reuters) - Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

The report comes 10 days after Hulu bought back wireless carrier AT&T Inc's stake in the U.S. entertainment streaming service for $1.43 billion.

With Comcast's stake, Disney will now have a 90 percent share in Hulu.

Comcast, Hulu and Disney did not immediately respond to requests for comment. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

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