Hearst Clinches Deal to Buy Out A+E Global Media Stake From Disney for $1.2 Billion

By Cynthia Littleton

Cynthia Littleton

Business Editor

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Hearst has set a deal to acquire Disney’s 50% stake in A+E Global Media, the parent company of Lifetime, History Channel, A&E Network and other assets in a deal that calls for Hearst to pay Disney $1.2 billion in cash.

Disney and Hearst have been 50-50 partners in A+E Global Media for more than a decade. Hearst also owns a roughly 18% stake in Disney’s ESPN but that is separate from A+E Global Media and unaffected by the transaction. The A+E Global Media deal is expected to close in September, with Paul Buccieri remaining at the helm as president and chairman.

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