Disney, Bob Iger and Comcast
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The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
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The Bob Iger-run entertainment giant agreed to buy the 33 percent stake in Hulu in 2023; after an extended appraisal process, the deal is finally set to close.
Walt Disney Co. has agreed to pay Comcast Corp. an additional $438.7 million to finalize the Mouse House purchase of streaming service Hulu.
The transaction gives Disney complete ownership of Hulu, allowing for more integration with the Disney+ streaming service.
Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service.
Disney will pay Comcast nearly $439 million to take full control of Hulu after a lengthy appraisal process, setting the stage for a unified streaming strategy with Disney+ and ESPN.
The Walt Disney Company (NYSE:DIS) is one of the best Dow stocks to invest in. The company has agreed to pay Comcast $438.7 million to buy out its remaining stake in the streaming service Hulu, ending a lengthy appraisal process.