Disney to Buy Comcast's Hulu Stake for Estimated $8.6B

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Let's talk about Disney having a major announcement. Tell us more. That's right, Hanna. So, um Disney is gonna buy Comcast 33% stake in Hulu later this year. And Disney which already owns the remaining 67% of the streaming platform is expected to pay 8.6 billion for Comcast portion on or before December 1st, Disney said, quote, the acquisition of Comcast stake and Hulu at fair market value will further Disney's streaming objectives and quote, Disney first gained a controlling interest in Hulu back in 2019 when the company acquired the film and television assets from 21st century Fox. Well, that same year, Disney and Comcast reached a deal allowing for Disney's eventual purchase of Hulu.