Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Disney to buy remaining stake in Hulu from Comcast's NBCUniversal

Published 11/01/2023, 04:55 PM
Updated 11/01/2023, 04:57 PM
© Reuters.  Disney to buy remaining stake in Hulu from Comcast's NBCUniversal

Walt Disney (NYSE:DIS) officially announced its acquisition of Comcast's (NASDAQ:CMCSA) one-third stake in the streaming service Hulu, in a widely anticipated development.

The deal includes Disney paying Comcast's NBCUniversal approximately $8.61 billion by December 1st, which represents the guaranteed minimum value agreed upon in 2019.

Additionally, Disney may make further payments based on Hulu's equity value as of September 30th, with the appraisal process expected to conclude next year.

“If the equity fair value is finally determined to be greater than the guaranteed floor value, Disney will pay NBCU an amount equal to NBCU’s equity ownership percentage of the equity fair value net of the guaranteed purchase price within 45 days of such final determination,” the company said in a filing.

Latest comments

bingo
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.