Disney will pay Comcast an additional $438.7 million to acquire its stake in streaming service Hulu.
In this article
Disney
has agreed to pay Comcast
$438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process.
In 2023 Disney announced it intended to buy Comcast’s 33% stake in Hulu. At the time, Disney paid $8.6 billion, which reflected Hulu’s guaranteed minimum value of $27.5 billion. The two companies had agreed on that floor in 2019.
Walt Disney will pay Comcast an additional $438.7 million to finalize its purchase of streaming service Hulu.
Hulu's full integration strengthens Disney's direct-to-consumer business, a key growth driver for the company.
Bernstein's price target of $125 per share implies that Disney could rise 5% from its current levels.
Hulu will finish integrating into the Disney+ app in 2026, Disney says.
Disney announced price hikes of roughly $2 to $3 for its subscription packages on Tuesday.
Netflix announced it's reached a deal to buy WBD, bringing a swift end to a dramatic bidding process that also involved Paramount…
