Disney Set to Acquire Full Control of Hulu in $8.6 Billion Deal
TL;DR Summary
Disney plans to acquire the remaining 33% stake in Hulu from NBC Universal for $8.61 billion, with the deal expected to close in 2024. Disney also announced the launch date for its online sportsbook, ESPN BET, which will go live on November 14 in 17 states. Disney stock rose 2.7% on the news, while Comcast stock rose 1.6% and Penn stock spiked nearly 14%.
- Disney Stock Rises On Plan To Buy Remaining Hulu Stake For $8.61 Billion. ESPN BET To Go Live Investor's Business Daily
- Disney to acquire remaining stake in Hulu for expected $8.6 billion CNN
- Disney Says It Will Take Full Control of Hulu The New York Times
- Disney buying remaining Hulu stake from Comcast CNBC Television
- Disney to buy out Hulu from Comcast for about $8.61 billion Ars Technica
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