Rafael Henrique | SOPA Pictures | LightRocket | Getty Pictures
Disney mentioned Wednesday that it had agreed to purchase Comcast‘s one-third stake in streaming service Hulu, a long-expected final result.
Disney mentioned it expects to pay Comcast’s NBCUniversal about $8.61 billion by Dec. 1, reflecting the assured minimal worth for the streaming companies the 2 sides agreed upon in 2019.
Disney may pay extra based mostly on Hulu’s fairness worth as of Sept. 30. The corporate mentioned the appraisal course of ought to wrap up a while subsequent 12 months.
Initially, Disney and Comcast had set a deadline to resolve Hulu’s possession by January. In September, the rival media giants moved up that deadline, successfully acknowleding the end result introduced Wednesday.
Learn the total launch from Disney.
Disclosure: Comcast’s NBCUniversal is the dad or mum firm of CNBC.
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