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Disney takes control of Hulu to challenge Netflix, Amazon

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Disney takes control of Hulu to challenge Netflix, Amazon

Disney takes control of Hulu to challenge Netflix, Amazon

According to Reuters, Walt Disney said it will take full control of the Hulu service in a deal with Comcast, as it vies for a bigger piece of the global video streaming market dominated by companies such as Netflix.

The agreement, which ascribes a minimum equity value of Hulu at $27.5 billion, allows either company to trigger a sale or purchase of Comcast’s 33% stake to Disney.

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