The Walt Disney Company To Purchase Remaining Stake In Hulu From Comcast
Portfolio Pulse from Benzinga Newsdesk
The Walt Disney Company (DIS) has announced plans to purchase the remaining stake in Hulu from Comcast (CMCSA). The terms of the deal were not disclosed.
November 01, 2023 | 8:32 pm
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NEGATIVE IMPACT
Comcast's sale of its remaining Hulu stake to Disney could potentially impact its revenues and profitability.
Comcast's sale of its remaining Hulu stake to Disney could potentially impact its revenues and profitability. However, the impact would depend on the terms of the deal and how Comcast plans to use the proceeds from the sale.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Disney's acquisition of the remaining Hulu stake from Comcast could potentially strengthen its position in the streaming market.
Disney's acquisition of the remaining Hulu stake could potentially strengthen its position in the streaming market by consolidating its control over Hulu. This could lead to increased revenues and profitability in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100