Hearst has reached a deal to buy Disney’s 50% interest in A+E Global Media for about $1.2 billion in cash. The agreement makes official a major media transaction involving two of the best-known companies in the industry.
According to the announcement, the purchase covers Disney’s half of A+E Global Media. The transaction is expected to close in September, subject to the usual completion process.
The move marks a notable ownership change for A+E Global Media and gives Hearst a larger position through a straightforward cash deal. For Disney, the sale represents another significant portfolio move tied to one of its media holdings.
While only limited details have been disclosed so far, the headline terms are clear: Hearst is paying roughly $1.2 billion to acquire Disney’s stake, and the companies expect the deal to be finalized in September.
