Hulu buys back AT&T's stake in $1.43 billion deal

Hulu is buying back wireless carrier AT&T Inc's 9.5 percent stake in the st...

FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido/File Photo

The transaction valued Hulu at $15 billion. The company, 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.Wall Street analysts were expecting Walt Disney Co, which holds a 60 percent stake in the joint venture that owns Hulu, to buy AT&T’s stake.

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