share_log

Disney to Buy Comcast Stake in Hulu for About $8.61B

Moomoo 24/7 ·  Nov 1, 2023 16:36

$Disney (DIS.US)$ said it'll acquire the 33% stake in Hulu held by $Comcast (CMCSA.US)$'s NBC Universal for $8.61 billion by Dec. 1.

The acquisition of Comcast's stake in Hulu at fair market value will further Disney's streaming objectives.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment