Hulu, Disney
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Disney closed its deal with Comcast to buy out NBCUniversal's one-third stake in Hulu -- paying much less than NBCU sought.
The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
Disney will pay $439 million to purchase the last remaining part of Comcast's stake in Hulu, the company said in a regulatory filing Monday. Why it matters: The deal ends a nearly two-decade-long joint-venture journey for the streaming service.
Disney is set to pay Comcast $438.7 million to take over Hulu, which will expand its size in the linear and streaming space.
Disney finalizes $439 million deal to acquire full ownership of Hulu from Comcast, ending years of joint control.