Friday 26 April 2019

Disney is in talks with Comcast to buy all of Hulu, CNBC says

Disney is in talks with Comcast to buy all of Hulu, CNBC says

Walt Disney Co. is in talks to acquire the 30% stake in Hulu held by Comcast Corp., CNBC reported, a deal that would hand over complete control of the video-streaming service. Disney emerged as 60% owner of Hulu in March when it acquired the entertainment assets of 21st Century Fox Inc. for $71 billion. The Burbank entertainment giant increased its stake last week when Hulu agreed to buy out minority investor AT&T Inc. That deal valued Comcast’s stake in the service at $4.5 billion or more.
Read more: https://www.latimes.com/business/hollywood/la-fi-ct-hulu-disney-comcast-20190425-story.html?source=Snapzu

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