Disney to buy out Hulu from Comcast for about $8.61 billion Makemetechie.com Summary

Disney to buy out Hulu from Comcast for about $8.61 billion | Makemetechie.com Summary

News Summary

The Walt Disney Company which currently owns two thirds of Hulu is buying the remaining third from Comcast s NBCUniversal to further its streaming objectives Disney s announcement Wednesday said it s expecting to pay approximately billion for the remaining percent stake in Hulu.
But Disney noted that it may pay more than billion pending an appraisal.
Comcast CEO Brian Roberts noted that the appraisal procedure would take a little time to play out.
Disney sounds prepared to pay nearly billion for Hulu if not more but there s reasonable debate over how much the streaming service is worth Hulu s minimum valuation was set in when the streaming landscape looked very different.

56 with The Walt Disney Company, which currently owns twothirds of Hulu, is buying the remaining third from Comcasts NBCUniversal to further [its] streaming objectives.Disneys announcement W [+4375 chars]

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