NEW YORK, June 10 (Xinhua) -- U.S. entertainment giant Disney will pay Comcast's NBCUniversal nearly 439 million U.S. dollars for its stake in Hulu, taking full control of the streaming service, Disney has said in a securities filing.
"The move closes out an appraisal process that's dragged on for a few years," reported The Associate Press on Tuesday about the move. Disney once said in November 2023 that it was acquiring a 33 percent stake in Hulu from Comcast for at least 8.6 billion dollars. That amount reflected Hulu's guaranteed floor value of 27.5 billion dollars, according to a regulatory filing.
