Hulu, Disney
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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.
Disney finalizes $439 million deal to acquire full ownership of Hulu from Comcast, ending years of joint control.
Walt Disney Co. (NYSE: DIS) shares are trading higher Tuesday after the company announced it will pay Comcast $438.7 million to acquire the company's 33% stake in Hulu.
Disney has finalized its $9 billion deal to acquire Comcast’s Hulu stake, paying less than expected after arbitration.
WALT Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service.
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.