Disney to buy Comcast and own Hulu

Disney has announced that it will acquire the remaining 33 percent stake in Hulu, which is currently owned by Comcast, in a deal valued at approximately $8.61 billion. The acquisition of Comcast’s stake in Hulu at fair market value will further Disney's streaming objectives. Initially, the deal was set to take place in 2024, but the companies agreed to move it up to September 30th. 

In 2019, the two companies had agreed that Comcast could require Disney to buy its stake and Disney could require Comcast to sell. The acquisition of Hulu will give Disney full ownership of the streaming service, which has over 45 million subscribers.

Hulu is a popular streaming service that offers a wide variety of TV shows, movies, and original programming. The acquisition will also give Disney more control over its content distribution and will help the company compete with other streaming giants like Netflix and Amazon Prime Video.

The deal is a significant win for Disney, as it will give the company a stronger foothold in the streaming market. Disney is already a major player in the streaming market with its own Disney+ service, which has over 130 million subscribers. The acquisition of Hulu will further strengthen Disney's position in the streaming market and will make it even more difficult for other streaming services to compete.

The deal is also expected to have a significant impact on the Comcast Corporation. Comcast is the largest cable and internet provider in the United States, and Hulu was a valuable asset for the company. The sale of Hulu will give Comcast more cash flow, which the company can use to invest in other areas of its business.

Overall, the acquisition of Hulu is a major development in the streaming market. It is a significant win for Disney and will make the company an even more powerful player in the streaming industry. The deal is also expected to have a significant impact on Comcast, which will lose a valuable asset but will gain more cash flow.