Disney is buying up Comcast’s stake in Hulu. The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.
At the time, the two companies agreed upon a minimum valuation of $27.5 billion for Hulu. “That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September. “The company is way more valuable today than it was then.”
With Hulu barely seeing a shift in subscribers last…
Source: The Verge
Author: Emma Roth