Disney will pay Comcast’s NBCUniversal nearly $439 million to buy the remaining stake in streaming service Hulu, gaining full control.
The deal ends a long appraisal process. In November 2023, Disney agreed to buy Comcast’s 33% share in Hulu for at least $8.6 billion, based on a guaranteed minimum value of $27.5 billion for Hulu.
Disney has managed Hulu since 2019, when Comcast stepped back and became a silent partner.
Hulu launched in 2007 as a platform for TV shows from major entertainment companies. Disney joined in 2009, adding content from ABC, ESPN, and Disney Channel. In 2019, Disney took majority control after acquiring 21st Century Fox.
After disagreements on Hulu’s value, a third appraiser decided the final price would be $438.7 million.
Disney CEO Bob Iger said that the deal clears the way to better integrate Hulu with Disney+ and ESPN’s streaming service, offering more value to customers.
The deal is expected to close by 24 July and won’t affect Disney’s 2025 earnings forecast.
Disney’s shares rose slightly after the announcement.
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Russia launched a fresh wave of missile strikes on Ukraine early on Thursday, saying it had hit military and industrial facilities in Kyiv, as well as key port infrastructure in the southern Odesa region.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
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Russia launched a fresh wave of missile strikes on Ukraine early on Thursday, saying it had hit military and industrial facilities in Kyiv, as well as key port infrastructure in the southern Odesa region.
Uganda is expected to discharge its final Ebola patient on Thursday, beginning the 42-day countdown required before the country can be declared free of the virus if no new cases emerge, according to a government spokesperson.
The U.S. Coast Guard has called off its search for three people missing after a pontoon boat capsized near Alcatraz, leaving four people dead or presumed dead.
The U.S. Mint has begun producing a new $1 coin featuring President Donald Trump as part of commemorations marking the United States' 250th anniversary, according to Treasury Secretary Scott Bessent.
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