PORTLAND (AP) — 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% 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.

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 shows. Disney joined in 2009, planning to offer shows from ABC, ESPN and the Disney Channel. A decade later, Disney gained majority control of the business when it acquired 21st Century Fox.

Disney said in a regulatory filing on Monday that its appraiser arrived at a valuation below the guaranteed floor value during the initial phase of the appraisal process, while NBCUniversal’s appraiser arrived at a valuation substantially in excess of the guaranteed floor value.

A third appraiser was brought in and concluded that The Walt Disney Co. will pay $438.7 million for the Hulu stake.

“We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck,” Disney CEO Bob Iger said in a statement. “Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu’s general entertainment content with Disney+ and, soon, with ESPN’s direct-to-consumer product, providing an unrivaled value proposition for consumers.”

The transaction is anticipated to close by July 24. It’s not expected to impact Disney’s fiscal 2025 adjusted earnings forecast.

Shares of Disney rose slightly in morning trading on Tuesday.

NEW YORK (AP) — A judge on Monday dismissed the lawsuit filed by actor and director Justin Baldoni against his “It Ends With Us” costar Blake Lively after she sued him for sexual harassment and retaliation.

U.S. District Court Judge Lewis Liman’s decision is the latest development in the bitter legal battle surrounding the dark romantic drama that includes Lively suing Baldoni in late December.

Baldoni and production company Wayfarer Studios countersued in January for $400 million, accusing Lively and her husband, “Deadpool” actor Ryan Reynolds, of defamation and extortion.

The New York judge ruled that Baldoni can’t sue Lively for defamation over claims she made in her lawsuit, because allegations made in a lawsuit are exempt from libel claims. Liman also ruled that Baldoni’s claims that Lively stole creative control of the film didn’t count as extortion under California law.

While Lively was accused in the lawsuit of threatening to refuse to promote the film, Wayfarer does “not allege facts showing that Lively had an obligation to promote the film or to approve marketing materials,” Liman wrote.

Baldoni’s legal team can revise the lawsuit if they want to pursue different claims related to whether Lively breached a contract, the judge said.

“It Ends With Us,” an adaptation of Colleen Hoover’s bestselling 2016 novel that begins as a romance but takes a dark turn into domestic violence, was released in August, exceeding box office expectations with a $50 million debut. But the movie’s release was shrouded by speculation over discord between Lively and Baldoni.

The judge also dismissed Baldoni’s defamation lawsuit against The New York Times, which had reported on Lively’s sexual harassment allegations.

“Today’s opinion is a total victory and a complete vindication for Blake Lively, along with those that Justin Baldoni and the Wayfarer Parties dragged into their retaliatory lawsuit, including Ryan Reynolds, (publicist) Leslie Sloane and The New York Times,” Lively’s attorneys, Esra Hudson and Mike Gottlieb, said in a prepared statement.

The lawyers said they “look forward to the next round” of seeking attorneys’ fees, treble damages and punitive damages.

A spokesperson for The New York Times said they were “grateful to the court for seeing the lawsuit for what it was: a meritless attempt to stifle honest reporting.”

“Our journalists went out and covered carefully and fairly a story of public importance, and the court recognized that the law is designed to protect just that sort of journalism,” Charlie Stadtlander said in an emailed statement.

The Associated Press sent emails seeking comment to Baldoni’s attorneys.

Lively appeared in the 2005 film “The Sisterhood of the Traveling Pants” and the TV series “Gossip Girl” from 2007 to 2012 before starring in films including “The Town” and “The Shallows.”

Baldoni starred in the TV comedy “Jane the Virgin,” directed the 2019 film “Five Feet Apart” and wrote “Man Enough,” a book challenging traditional notions of masculinity.

WASHINGTON (AP) — Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.

The news comes as temperatures are rising across the U.S. and the official start of summer rapidly approaches.

The Midea air conditioners fit in windows and resonated with consumers because of their unique design, which allows consumers to close their window ‘through’ the unit.

The U.S. Consumer Product Safety Commission said that the recall also includes approximately 45,900 units sold in Canada.

There’s been at least 152 reports of mold in the air conditioners. This includes 17 reports of consumers experiencing symptoms such as respiratory infections, allergic reactions, coughing, sneezing and sore throats from mold exposure.

The white air conditioners have brand names including Midea, Comfort Aire, Danby, Frigidaire, Insignia, Keystone, LBG Products, Mr. Cool, Perfect Aire and Sea Breeze. They were sold in three sizes of cooling power: 8,000, 10,000 and 12,000 BTU.

The air conditioners were sold from March 2020 through May 2025 for between $280 and $500 at Costco, Menards, Home Depot, Best Buy and other stores across the country. They were also sold online through various websites including those of Midea, Amazon, Costco and Home Depot.

Consumers can contact Midea for a repair or a refund that will be based on the purchase date or manufacture date. Individuals who want a refund will need to send the unit back to Midea with a free shipping label or submit a photograph showing that they cut the unit’s unplugged power cord.

Those who want a repair should contact Midea to have a technician install a new drain plug or be sent a repair kit that includes a new drain plug and bubble level, depending on the model.

Consumers who want to continue using their air conditioners while waiting for a repair should visit www.MideaUrecall.expertinquiry.com to find out how to inspect their unit before continuing to use it.

Individuals can visit www.midea.com/us and click on “Recall Information” for more information or call 888-345-0256 from 8 a.m. to 5 p.m. ET Monday through Friday.