Brian Roberts information google CEO Provident Enterprise Fox UPS Brian Roberts

Hulu Stake Sale Kickoff Moved Up To September, Comcast CEO Brian Roberts Reveals; Valuation For “Scarce, Kingmaker Asset” Likely To Far Exceed Initial $27.5B Benchmark

Reading now: 908
deadline.com

Comcast and Disney have modified their Hulu agreement to enable the expected buyout of Comcast’s one-third stake in the streamer to begin on September 30 instead of next January.

The news was shared at a Goldman Sachs conference appearance by Comcast CEO Brian Roberts, who said the initial minimum valuation of $27.5 billion for Hulu agreed to in 2019 was “just a hypothetical.” He suggested the final price tag could be much higher.

Roberts said both companies “wanted to get this behind us,” so they reached an agreement last week to accelerate the timeline.

On September 30, Disney can “put” and Comcast can “call,” which starts the process of the one-third stake moving to Disney. Each company will have its own appraiser and then there will be third-party appraisers, so the process could take some time.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA