The transaction is expected to close in September
Latest News
1 Articles
Hearst to acquire Disney’s 50% stake in A+E Global Media for $1.2bn
Leadership Timeline
2 Updates
Sep 2023
Latest
Steven R. Swartz — president and CEO (appointment)
Appointment of Hearst as the new owner of A+E Global Media after acquisition.
Sep 2023
Paul Buccieri — president and chairman (appointment)
Appointment of Paul Buccieri as president and chairman of A+E Global Media following Hearst's acquisition.
AI Insights
AI
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Strategic Acquisition. The acquisition of Disney's stake in A+E Global Media represents a significant strategic move for Hearst, enhancing its control over a major media entity.
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Financial Commitment. The $1.2 billion investment highlights Hearst's financial capability and willingness to invest heavily in media assets to bolster its market position.
FAQs
AI
Hearst is acquiring Disney's 50% stake in A+E Global Media for $1.2 billion.
The transaction is expected to close in September.
This acquisition will enhance Hearst's control over A+E Global Media and strengthen its position in the media industry.
Hearst is paying $1.2 billion for Disney's stake.
A+E Global Media is a major media entity in which Hearst is acquiring a controlling interest.