As Streaming Competition Heats Up, Hulu Buys AT&T's Stake for $1.4 Billion

And then there were two.Hulu LLC, an online-streaming venture backed by the biggest companies in entertainment, bought out AT&T Inc.'s 9.5 percent stake in a deal worth about $1.43 billion. The accord, which values the whole entity at $15 billion, leaves the business with just a pair of owners: Walt Disney Co., which has majority control, and Comcast Corp.  Continue reading...