Disney Secures Full Control of Hulu with $8.6 Billion Deal
TL;DR Summary
Disney plans to acquire the remaining 33% stake in Hulu from NBC Universal for an expected price of $8.61 billion, representing NBCU's percentage of the $27.5 billion "guaranteed floor value" for Hulu. The equity fair value of Hulu will be assessed in 2023, and if it exceeds the guaranteed floor value, Disney will pay NBCU the difference. The appraisal process is expected to conclude in 2024. The acquisition aligns with Disney's focus on streaming and comes as the company faces challenges in its linear TV business. Comcast, which co-owns Hulu, expects the final price to be higher than the minimum valuation.
- Disney To Buy Out Comcast’s Hulu Stake For At Least $8.6 Billion Deadline
- Disney buying remaining Hulu stake from Comcast CNBC Television
- Disney to acquire remaining stake in Hulu for expected $8.6 billion CNN
- Disney to buy remaining Hulu stake from Comcast in widely expected move CNBC
- Disney to Buy Full Control of Hulu In Deal With Comcast Hollywood Reporter
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