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AT&T sells Hulu stake

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AT&T Inc. sold its minority stake in streaming service Hulu.

The 9.5% stake was sold for $1.4 billion, valuing the company at $15 billion.

Disney and Comcast, which own 60% and 30% of Hulu, respectively, will negotiatate on how to divide AT&T's stake.

Read more from Dow Jones Newswires.


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