Reported 2 months ago
Disney may incur an additional $5 billion expense in acquiring Comcast's stake in Hulu, as their CEO Bob Iger emphasizes the necessity for general entertainment beyond sports. This strategic move is intended to enhance Disney's streaming offerings, which include Hulu and Disney+. While the deal is expected to close by January, analysts believe it may not significantly impact Disney's stock performance, even amid an overall positive earnings report for the company during the fiscal third quarter.
Source: YAHOO