Disney to Sell 50% Stake in A+E Networks to Hearst for Over $1 Billion

The Walt Disney Company plans to sell its 50% stake in A+E Networks to co-owner Hearst for more than $1 billion. The deal would give Hearst full control of the cable network group, which includes A&E, History, and Lifetime. This transaction reflects Disney's strategy to streamline its portfolio and focus on core streaming and studio businesses.

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