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Disney Says It Might Have to Pay Comcast up to $5 Billion More to Buy Out Hulu
Disney disclosed that it might have to pay up to $5 billion more to complete the buyout of NBCUniversal's 33% stake in Hulu.
Last year, Disney accelerated negotiations to buy the Comcast/NBCU stake in Hulu to take full ownership of the streaming service. Under the previously set terms of the transaction, the Disney is set to share with NBCU 50% of Disney’s estimated U.S. tax savings resulting from the amortization of the purchase of NBCU’s interest in Hulu, with payments expected to be made primarily over a 15-year period. Disney had already taken full operational control of Hulu and been acting as the sole owner for some time now, using it as the main streaming home for current ABC series, including hit comedy “Abbott Elementary,” and FX programming like “The Bear,” and integrating it into the company’s flagship Disney+ service.
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