Disney to buy remaining Hulu stake from Comcast in widely expected move
Publishing timestamp: 2023-11-01 19:57:03
Summary
Disney has agreed to purchase the remaining one-third stake in Hulu from Comcast's NBCUniversal. This transaction was expected after Disney's purchase of Fox's entertainment assets in 2019. Disney will pay approximately $8.61 billion to Comcast by December 1, with a guaranteed minimum value of $27.5 billion for Hulu. The final value of the deal will be determined through an appraisal process expected to be completed next year. Disney already sells Hulu as part of its streaming bundle with Disney+ and ESPN+.
Sentiment: NEUTRAL
Keywords: walt disney co, business, entertainment, hulu, business news, breaking news: business, comcast corp,