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Disney to Purchase Remaining Hulu Stake From Comcast, Expects to Pay at Least $8.61 Billion

The company said it expects the appraisal process to be completed in 2024.

Disney has announced its plans to acquire the remaining stake in Hulu from Comcast, with an expected payment of at least $8.61 billion. This move comes as no surprise, as it was widely anticipated The agreement stipulates that Disney will pay Comcast’s NBCUniversal a minimum of $8.61 billion by December 1st. This amount represents the “floor” for the transaction.

Background Information

Hulu is a popular streaming service that offers a wide range of TV shows, movies, and original content. It was initially launched in 2007 as a joint venture between several media companies, including Disney, Comcast, and AT&T Over the years, Disney has gradually increased its ownership stake in Hulu, eventually becoming the majority shareholder after its acquisition of 21st Century Fox.

Disney’s Acquisition Strategy

Disney’s decision to purchase the remaining stake in Hulu aligns with its broader strategy of expanding its presence in the streaming market. With the rise of streaming platforms, Disney has recognized the importance of having a strong foothold in this rapidly growing industry. By acquiring full control of Hulu, Disney aims to strengthen its position in the streaming market and compete with other major players like Netflix and Amazon Prime Video.

Implications of the Acquisition

The acquisition of the remaining stake in Hulu will give Disney complete control over the streaming service. This means that Disney will have the authority to make strategic decisions regarding content, pricing, and distribution on the platform. It also allows Disney to leverage Hulu’s existing subscriber base and expand its reach in the streaming market.

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