Disney to complete takeover of Hulu with $8.6 bn deal - Times of India
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SAN FRANCISCO: The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu , completing its takeover of the streaming service . The acquisition will "further Disney's streaming objectives," the company said in a press release, and comes as it strives to boost subscriber numbers at its Disney+ streaming service. The deal values Hulu at $27.5 billion in total, according to Disney, which said the transaction will be concluded by December 1. The California-based entertainment giant already sells Hulu as part of bundled offerings with its Disney+ and ESPN+ platforms. The company will release its latest quarterly earnings next week, providing a look at how its cable and streaming television services are doing in the fiercely competitive market. Disney in August reported that Disney+ lost more than 10 million subscribers in the recently ended quarter, in large part due to the Indian market. Disney+ finished the second three m