Hulu buys back AT&T’s 9.5 percent stake By Reuters No ratings yet.

Hulu buys back AT&T’s 9.5 percent stake By Reuters

© Reuters. FILE PHOTO: The AT&T logo іѕ pictured during thе Forbes Forum 2017 іn Mexico City

(Reuters) – Streaming service company Hulu іѕ buying back wireless carrier AT&T (NYSE:) Inc’s 9.5 percent stake іn thе company іn a deal valued аt $1.43 billion, thе two companies said on Monday.

The transaction valued Hulu аt $15 billion. AT&T said іt will use proceeds from thе deal tо cut down its debt.

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