Hulu, Disney and Comcast
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Walt Disney (NYSE:DIS) said on Monday that it has closed its deal to fully acquire Comcast's (NASDAQ:CMCSA) stake in Hulu, providing the Mouse House with 100% ownership in the streaming entity. Disney is paying $438.
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.
Loop Capital upgrades Disney's price target to $130 after its full acquisition of Hulu from Comcast, citing enhanced streaming strategy and synergy.