Disney paying additional $438.7M to buy out NBCUniversal’s Hulu stake

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Disney paying additional 8.7M to buy out NBCUniversal’s Hulu stake — Disney paying additional 4387M to buy out NBCUniversals Hulu stake.jpg

Disney Completes Purchase of Hulu

Walt Disney announced on Monday that it has finalized its acquisition of Hulu, with an additional payment of $438.7 million to NBCUniversal for its stake in the streaming service.

With this transaction, Disney now has full ownership of Hulu, paving the way for a closer integration with the Disney+ streaming service and ESPN’s upcoming direct-to-consumer offering, according to CEO Bob Iger.

The transaction gives Disney complete ownership of Hulu, clearing the way for a deeper integration with the Disney+ streaming service, and ESPN’s coming direct-to-consumer offering, CEO Bob Iger said. Getty Images

In 2019, Comcast agreed to sell Disney its 33% stake in Hulu, following Disney’s majority stake acquisition as part of its $71 billion takeover of 21st Century Fox’s entertainment assets.

The agreement set a $27.5 billion floor valuation for Hulu and involved a third-party appraisal to determine the final valuation.