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Will Disney pay more for Hulu?
The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu. But Disney might end up paying more than that. Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.Does Disney own Hulu?
5/24/24. The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s (NASDAQ: CMCSA) NBC Universal (NBCU), following Comcast’s November 1 exercise of its right under the put/call arrangement between the two companies.Will Comcast sell Hulu to Disney?
Brian Roberts, the chief executive of Comcast, said on Wednesday at an investor conference that his company had agreed to move up negotiations to sell its stake in Hulu to the Walt Disney Company, which owns the majority of the streaming service.