Disney Agrees to Buy Remaining Hulu Stake From Comcast for at Least $8.61 Billion

Disney said Wednesday that it had agreed to buy Comcast’s one-third stake in streaming service Hulu, a long-expected outcome.

Disney said it expects to pay Comcast’s NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for the streaming service the two sides agreed upon in 2019. That deal sprang from Disney’s purchase of Fox’s entertainment assets, which gave it two-thirds of Hulu.

Disney could pay more based on Hulu’s equity value as of Sept. 30. The appraisal process should wrap up some time next year.

Read the source article at CNBC