As part of a buyout move that’s been several months in the making, Disney will soon purchase Comcast’s 33% stake in Hulu, becoming the sole owner of the popular streaming service.
The Walt Disney Company, which already owns the other two-thirds of Hulu thanks to its 2019 purchase of 20th Century Fox, made an announcement today that updates the timeline for its acquisition. In the statement, Disney said it expects to pay Comcast Corp.’s NBC Universal approximately $8.61 billion. The purchase amount is to be based on an appraisal of Hulu’s value conducted on September 30, 2023.
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