Disney to buy Comcast’s Hulu stakes for at least $8.6bn
Disney has announced its plans to buy the part of the Hulu streaming service it does not already own from TV giant Comcast for an estimated $8.6bn (£7bn). The offer deadline expires on 1 December 2023, kicking off what are expected to be heated negotiations between the two entertainment conglomerates. If accepted, the deal would value Hulu at $27.5bn (£22.5bn), despite Comcast chief executive Brian Roberts recently stating he believes the streaming service is a “scarce kingmaker asset” worth $60bn (£49bn). The agreement would give Disney full control over Hulu’s content, allowing the company to integrate it into its own streaming service Disney+ and “further Disney’s streaming objectives,” the company said in a statement. Disney gained a controlling interest in Hulu as part of its…