Hearst to Acquire Disney’s 50% Stake in A+E Global Media for $1.2 Billion
Hearst has reached an agreement to acquire The Walt Disney Co.’s 50% stake in A+E Global Media for approximately $1.2 billion in cash. The transaction, expected to close in September, grants Hearst full ownership of the media company and its portfolio of cable networks, including A&E, History, and Lifetime. The deal ends a joint venture … Read more