Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal

Aug 4: Privately held U. S. media conglomerate Hearst on Tuesday struck a deal to acquire Disney’s 50 per cent stake in A+E Global Media for about $1. 2 billion in cash, giving it full ownership of the television and content business. Disney’s exit from A+E follows the company’s efforts to prioritize streaming

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