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AT&T Sells Hulu Stake for $1.4 Billion

AT&T sold its stake in Hulu back to the streaming joint venture for $1.43 billion, a big gain on the $590 million that then-Time Warner invested in 2016 to get what was a 10% stake. The deal was no surprise. AT&T, which bought Time Warner last year, had flagged its intention to sell the stake as part of a broader effort to raise money for debt-reduction. (AT&T’s stake shrank to 9.5%,...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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