Comcast exercised option to sell its minority stake in streaming service; complex negotiations over Hulu’s value are under way
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https://www.wsj.com/business/media/disney-to-pay-comcasts-nbcuniversal-at-least-8-61-billion-for-its-stake-in-hulu-8ebeb25cDisney said Wednesday it expects to pay Comcast’s NBCUniversal at least $8.61 billion for its stake in Hulu, as the companiesDisney’s announcement came after Comcast exercised its option, as part of a long-held agreement between the companies, to sell its minority stake in Hulu. Disney controls two-thirds of the service, while Comcast owns one-third.
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