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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

Disney Sells A+E Stake to Hearst Amid Wall Street Calls to Focus on Core Businesses

Hong,Kong,,China,-,28,December,2018:,Walt,Disney,Logo

The Walt Disney Co. (NYSE:DIS) is cashing out of A+E Global Media, agreeing to sell its 50% stake to media conglomerate Hearst for approximately $1.2 billion in cash as investors continue to debate Disney’s long-term media strategy

Hearst Takes Full Control Of A+E

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