Tag: Hulu deal

SAN FRANCISCO: The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service.The acquisition will "further Disney's streaming objectives," the company said in a press release, and comes as it strives to boost subscriber numbers at its Disney+ streaming service.The deal values Hulu at $27.5 billion in total, according to Disney, which said the transaction will be concluded by December 1.The California-based entertainment giant already sells Hulu as part of bundled offerings with its Disney+...