NBCUniversal Seeking to Sell Big Stake in A&E

May 7, 2012  •  Post A Comment

Comcast’s NBCUniversal unit has exercised an option to sell a "substantial portion of its stake in A&E Television Networks, reports The Wall Street Journal. (Please note that The WSJ is a subscription site and not all readers may be able to access the article.)

The sale, which would be to joint-venture partners Walt Disney and Hearst, could be worth about $2 billion, the story notes. Disney and Hearst declined to comment.

The parties are still negotiating how much of the stake will be sold. Comcast owns 15.8% of A&E, which consists of networks such as Lifetime and A&E, while Disney owns 42.1% and Hearst has a 42.2% stake.

Comcast had earlier said it had the right to require its partners to purchase part of the stake in the first quarter, according to the piece.

Your Comment

Email (will not be published)