Disney splashes $8.6 billion on remaining 33% of Hulu

Mickey Mouse outfit Disney is on the cusp of absorbing Hulu after agreeing to buy the final third of the popular streaming service from Comcast-owned NBCU.
This deal has been in the offing since 2019, when Disney and Comcast established an elaborate put-call agreement. Under the terms of the arrangement, Disney could exercise an option to acquire Comcast’s Hulu stake – the call side of the deal – while Comcast had the ‘put’ side – an option that would require