May 14 (UPI) -- Disney said Tuesday it's taken full operational control of the popular streaming service Hulu after broadcaster Comcast agreed to sell its 33 percent stake in the company within five years.
As part of the agreement, Disney will buy the stake in 2024 at a cost of at least $27.5 billion -- even if by then the company is worth less. Comcast, therefore, is guaranteed at least $5.8 billion for the sale.