Dhaka, June 11 -- Disney will pay Comcast's NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service.

The move closes out an appraisal process that's dragged on for a few years. Disney said in November 2023 that it was acquiring a 33 per cent stake in Hulu from Comcast for at least $8.6 billion. That amount reflected Hulu's guaranteed floor value of $27.5 billion, according to a regulatory filing.

Disney has run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent partner, reports AP.

Hulu began in 2007 and quickly evolved into as a service backed by entertainment conglomerates who hoped to stave off the internet with an online platform for their own TV ...