Todd Spangler NY Digital Editor Disney is on the cusp of becoming the 100% owner of Hulu. The media conglomerate announced that it expects to pay $8.61 billion to Comcast to acquire the cable operator’s 33% stake in Hulu following Comcast’s Nov.
1 exercise of its right under the put/call arrangement between the two companies. “The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” Disney said in a statement Wednesday.
Under the terms of the sale arrangement, by Dec. 1, Disney said, it anticipates it will pay Comcast approximately $8.61 billion, representing NBCUniversal’s one-third stake of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019 minus the anticipated outstanding capital call contributions payable by NBCU to Disney of approximately $567 million.
However, $8.61 billion might not be what Disney ultimately pays for the Comcast/NBCU stake in Hulu. Hulu’s equity fair value was assessed as of Sept.
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