Please wait...
NBCUniversal has agreed to sell its stake in A+E Networks to the two other partners in the joint venture for more than US$3bn.
The Walt Disney Company and Hearst Corporation will become 50/50 stakeholders in A+E by splitting NBCUniversal’s 15.8% stake equally between them.
Comcast-owned NBCUniversal will pocket US$3.025bn from the sale, according to documents filed with the Securities and Exchange Commission in the US today.
The value of the deal for the stake in the network – which boasts History, A&E, Lifetime and Bio among is channels – has risen by a third since it was first mooted in May.
The New York Post reported earlier this week that the price had increased to US$2.8bn on the back of the ratings success of Hatfields & McCoys, a historical miniseries that smashed cable records when it pulled 14 million viewers for History earlier this year.
