Disney is about to personal all of Hulu

Disney is shopping for up Comcast’s stake in Hulu. The leisure big introduced Wednesday that it “expects it’ll pay” $8.61 billion to amass Comcast’s 33 p.c stake, giving Disney full possession of Hulu.

In 2019, Disney made a take care of Comcast to purchase its one-third stake in Hulu. The deal was initially set to happen in 2024, however Comcast and Disney agreed to maneuver up the date to September thirtieth.

On the time, the 2 firms agreed upon a minimal valuation of $27.5 billion for Hulu. “That was only a hypothetical that we picked 5 years in the past,” stated Comcast CEO Brian Roberts throughout an traders convention in September. “The corporate is far more worthwhile at the moment than it was then.”

Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s mother or father firm.