Hearst has announced an agreement with subsidiaries of The Walt Disney Company where Hearst will acquire Disney’s 50% interest in A+E Global Media for approximately $1.2 billion in cash. The transaction is expected to close in September, subject to customary closing conditions. Upon closing A+E Global Media will become a wholly owned Hearst business within its Entertainment group. “We thank our Disney colleagues for decades of successful partnership,” said Steven R. Swartz, president and … [Read more...] about A+E Global Media to become a wholly owned Hearst Business