Disney To Acquire Remaining Stake In Hulu: Here's How Much Streaming Platform Could Be Worth In Deal With Comcast
Portfolio Pulse from Chris Katje
Walt Disney Co. (NYSE:DIS) has announced plans to acquire the remaining 33% stake in Hulu from NBC Universal, a unit of Comcast Corporation (NASDAQ:CMCSA), for an expected price of $8.61 billion. The deal, expected to be completed in 2024, will give Disney full ownership of Hulu, which could boost its streaming plans. Disney's shares have struggled in 2023, but this acquisition could serve as a catalyst for the company.
November 01, 2023 | 9:42 pm
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POSITIVE IMPACT
Disney's acquisition of the remaining stake in Hulu could serve as a catalyst for the company, which has seen its shares struggle in 2023. The deal could boost Disney's streaming plans.
Disney's acquisition of the remaining stake in Hulu could boost its streaming plans, which is a key focus for the company. This could potentially increase investor confidence and drive up Disney's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Comcast Corporation is set to sell its 33% stake in Hulu to Disney for an expected price of $8.61 billion. The impact of this deal on Comcast's stock price is uncertain.
Comcast is selling its stake in Hulu to Disney, which could potentially impact its stock price. However, without further details on how the proceeds will be used, it's difficult to predict the exact impact on Comcast's stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80