Franklin Pierce
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Disney Will Buy Out Remaining 33% Stake in Hulu from Comcast for $8.6B - giving it full control of the streamer and freedom to Merge It With Disney+
Comcast has triggered a provision forcing Disney to buy out its 33 percent stake in Hulu for a minimum of $8.6 billion, initiating a deal that will give Disney full ownership of the streamer, and freedom to merge it with Disney+.
Disney announced the move on Wednesday, and will be required to close the deal before the end of the month. The sale price could rise if an independent valuation finds Hulu is worth more.
The transaction gave Disney a competitive leg up in the streaming wars, allowing it to sell Disney+ in a discounted bundle with ESPN+ and Hulu. It's unclear what impact full ownership of Hulu will have on Disney's plans for future streaming options and pricing.
Disney will buy out remaining 33% stake in Hulu from Comcast
Disney announced the move on Wednesday, and will be required to close the deal before the end of the month. The sale price could rise if an independent valuation finds Hulu is worth more.
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