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.
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