Disney is going all in for Hulu. A day after the streamer co-owned by Disney and Comcast formally went on the market, Disney said Wednesday that it plans to acquire the remaining 33% stake in Hulu for an expected price of $8.61 billion.
In a press release, Disney said the $8.61 billion represents NBCUniversal’s percentage of the $27.5 billion “guaranteed floor value” for Hulu that was established when Disney and Comcast entered in to their 2019 agreement , “minus the anticipated outstanding capital call contributions payable by NBCU to Disney.” Disney said Hulu’s equity fair value will be assessed as of September 30, 2023, adding, “if the value is ultimately determined to be greater than the guaranteed floor value, Disney will pay NBCU its percentage of the difference between the equity fair value and the guaranteed floor value.
It’s unclear when that appraisal process is concluded, but Disney said it should be completed some time in 2024. In September, Comcast CEO Brian Roberts, said in September that the initial minimum valuation of $27.5 billion was “just a hypothetical,” suggesting the final price tag could be much higher.
Both sides had been public about wanting to get a deal done, and the timeline had recently been accelerated. By providing your information, you agree to our Terms of Use and our Privacy Policy.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.