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Disney Begins Appraisal Process for Comcast’s Hulu Stake
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Walt Disney Co. said it plans to buy Comcast Corp.’s one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year.
The entertainment giant said in a statement Wednesday that it expects to pay at least $8.61 billion for the stake, including capital contributions payable to Disney by Comcast. Under a previous deal, Comcast and Disney agreed that the total value of Hulu would be no less than $27.5 billion.