Disney Buys Out Comcast's Stake in Hulu for At Least $8.6 Billion

Disney is acquiring Comcast's remaining 33% stake in Hulu for at least $8.6 billion. The final valuation will be determined in 2024.

The deal gives Disney full control of Hulu and its streaming service. This is part of Disney's streaming strategy under CEO Bob Iger.

Comcast expects the final valuation to exceed the minimum $27.5 billion set in 2019. The multi-appraiser process will determine fair market value.

Iger sees streaming as Disney's priority while re-evaluating traditional TV. He faces pressure from activist investor Nelson Peltz.

With the influx of cash from Hulu, Comcast plans to return value to shareholders. Comcast touts Hulu's high engagement compared to other streamers.