Hearst Buys Disney's Stake in A+E Global Media for $1.2 Billion

Hearst is set to acquire Walt Disney's 50% stake in A+E Global Media for $1.2 billion, giving it full ownership of the media company behind Lifetime, History Channel, and A&E Network.

The deal will see Hearst pay cash for the stake, which has been operated as an equal partnership with Disney for over a decade.

A+E Global Media's president and chairman, Paul Buccieri, will continue to lead the company after the acquisition is complete in September.