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Walt Disney Co. (DIS) has agreed to acquire Comcast Corporation’s (CMCSA) remaining 33% stake in Hulu for $439 million. This resolution was reached on Monday, marking the end of a long-standing dispute between the two companies.
The companies previously set a minimum valuation of $8.61 billion for Hulu in 2023; however, differing valuations led to a protracted appraisal process. Comcast had initially sought an additional $5 billion, whereas Disney maintained that the agreed floor price was fair. The deal is expected to be finalized by July 24, 2025.
As a result of this acquisition, Disney aims to enhance its competitive edge in the streaming market by integrating Hulu’s content with Disney+ and expanding ESPN’s digital offerings. Following the announcement, Disney’s stock rose by 1.55% to close at $115.66, while Comcast’s shares fell by 0.29% to $34.60.
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