Disney Says It May Need To Pay $5B More For Hulu Stake
Portfolio Pulse from Benzinga Newsdesk
Disney announced that it may need to pay an additional $5 billion to acquire a larger stake in Hulu. This information was disclosed during a conference call.
August 07, 2024 | 1:16 pm
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Disney revealed it might need to pay an additional $5 billion to acquire a larger stake in Hulu. This could impact Disney's financials and strategic positioning in the streaming market.
The potential $5 billion additional payment for Hulu could strain Disney's financial resources in the short term, affecting its stock price negatively. However, it could also strengthen Disney's position in the streaming market in the long term.
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IMPORTANCE 80
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