Disney to buy out Hulu from Comcast for about $8.61 billion

Disney to buy out Hulu from Comcast for about $8.61 billion

a year ago
Anonymous $HYlO-3b458

https://arstechnica.com/gadgets/2023/11/disney-will-take-total-ownership-of-hulu-to-aid-struggling-streaming-business/

The Walt Disney Company, which currently owns two-thirds of Hulu, is buying the remaining third from Comcast's NBCUniversal to "further [its] streaming objectives."

Disney's announcement Wednesday said it's expecting to pay "approximately" $8.61 billion for the remaining 33 percent stake in Hulu. That figure is based on a 2019 valuation of Hulu, pegging the streaming service's value at $27.5 billion.