The Walt Disney Company is to acquire the 33% stake in Hulu held by Comcast, completing its takeover of the streaming service.

The deal values Hulu at $27.5 billion according to Disney, which said the transaction will be concluded by December 1.

4. Disney Hulu

Disney to acquire the 33% stake in Hulu

In a statement, Disney said it expects to pay Comcast’s NBCU approximately $8.61 billion for the Hulu stake.

“The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” said Disney.

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The deal gives Disney full ownership of the streaming service and the ability to incorporate it into its own Disney+ platform.

Disney gained a controlling interest in Hulu as part of its $71 billion acquisition of 21st Century Fox’s film and television assets.

Disney already sells Hulu as part of bundled offerings with its Disney+ and ESPN+ platforms.

Hulu currently has about 48.3 million subscribers, in comparison with Disney’s 146.1 million globally. By comparison, Disney rival Netflix has 247 million subscribers.

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