Disney has unveiled plans to acquire the remaining 33 percent stake in Hulu currently owned by Comcast. The deal, estimated to be around $8.61 billion, is pending appraisal, which is expected to conclude next year. In 2019, both companies had previously agreed that either Comcast could require Disney to purchase its stake or Disney could prompt Comcast to sell, with a set deadline by 2024. However, Comcast chose to expedite negotiations with Disney rather than adhering to the original timeline.
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In this week’s Tech Tuesday segment on Smile 90.4FM we discuss the latest news is streaming, including Disney’s acquisition and Netflix’s new revenue streams.
Listen down below.
