Comcast has moved up the date for the sale or purchase of its remaining stake in Hulu to Disney to Sept. 30 this year, CEO Brian Roberts said on Wednesday.
“As of September 30, after some short period of time Disney can call, we can put, and I believe that’s what will end up happening,” Roberts said.
Disney owns two-thirds of Hulu, while Comcast owns the rest. Under a 2019 agreement, either company can trigger a sale or purchase of Comcast's 33% stake to Disney as early as January 2024. The agreement ascribes a minimum equity value to Hulu of $27.5 billion.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Comcast extends date for Hulu deal with Disney to Sept 2024 By ReutersComcast extends date for Hulu deal with Disney to Sept 2024
Weiterlesen »
Comcast, Disney move up deadline to decide Hulu future ownershipComcast and Disney have been in discussions regarding Hulu’s valuation.
Weiterlesen »
Comcast CEO Moves Up Hulu Stake Sale Timeline, Touts $30B-Plus ValuationBrian Roberts also said Disney will likely shortly use a put option to take over NBCUniversal’s minority stake in Hulu after a sales process starting on Sept. 30.
Weiterlesen »
Comcast and Disney Agree to Speed Up Hulu Sale. Proceeds Will Fund Buybacks, Comcast Says.Comcast CEO Brian Roberts said the value of Hulu is much higher than it was five years ago, when it set a $27.5 billion valuation with co-owner Disney.
Weiterlesen »