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NBCU sells A+E stake for $3.03bn - 11-July-2012, 13:10

NBCU sells A+E stake for $3.03bn
By Robert Briel

T

he Walt Disney Company and Hearst Corp. will acquire NBCUniversals 15.8% stake in A+E Television Networks for $3.03 billion (2.46 billion).

In a filing with the Securities Exchange Commission, NBCU parent company Comcast reported that it will sell its 15.8% share in A+E to joint-venture partners Walt Disney and Hearst Corp.


After the deal is closed, Disney and Hearst will each own 50% of AETN, which includes A&E Network, The History Channel, Bio, Crime & Investigation Network and Military History.
Comcast originally acquired its stake in A+E in January 2011 when it purchased a 51% stake in NBCU from General Electric.


NBCU has had the right to put its interest in A+E to its partners since 2009, part of the agreement that combined A+E with cable channel Lifetime.
Comcast revealed last May that its NBCUniversal group would sell off its interest in A+E Networks


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