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Disney “Very Comfortable With Current Liquidity Position” As Deadline Nears To Buy Rest Of Hulu

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Disney interim chief financial officer Kevn Lansberry said the company is “very comfortable with our current liquidity position” as the time approaches for it to buy Comcast’s one-third stake in Hulu.

Comcast can “put” its stake to Disney, or Disney can call it in, early next year. Disney CEO Bob Iger said back in May that “cordial” and “constructive” discussions had started with Comcast on that.

The floor for the “put” by Comcast is about $9.2 billion dollars, he noted on a conference call after Disney earnings in response to a question about the company’s ability to fund the transaction.

Comcast CEO Brian Roberts has called the streaming service “very valuable” and said he hopes the stake will fetch more that that.

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