Is Disney Ready To Pay Comcast Over $9 Billion For Hulu?
The post Is Disney Ready To Pay Comcast Over $9 Billion For Hulu? appeared on BitcoinEthereumNews.com. In this photo illustration, Comcast Corporation logo is seen on a smartphone and Hulu logo on a pc … [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Nine is the magic number, though Hulu may be worth more. When asked whether Comcast was intending to sell its one-third stake in Hulu to Disney, Comcast’s CEO Brian Roberts stated that he believed “it will end up happening”. In a recent SEC filing by the Walt Disney Company that amended the deadline of the company’s original “put/call” agreement regarding NBC Universal’s 33% ownership interest in Hulu, Comcast—parent company to NBCU—can exercise its “put” option and require Disney to purchase its stake in Hulu, or Disney can exercise its “call” option to require Comcast to sell its 33% stake in Hulu to Disney at a value based on NBCU’s equity ownership at either a guaranteed floor value of $27.5 billion or at fair market value, beginning September 30, 2023. Disney and Comcast have both reportedly hired investment banks, JPMorgan Chase and Morgan Stanley, respectively, to determine the equity fair value of Hulu. If the valuations are not within 10% of each other, the banks must then select a third investment bank to make an additional determination, taking the average of the two determinations that are closest in value to each other, according to the SEC filing. The appraisal process will take into account Hulu’s historical financial and operating results, based solely on audited financial statements, as well as Hulu’s future business prospects and projected financial and operating results, among other relevant factors. Roberts also believes that Hulu is more valuable than $27.5 billion today than it was back then. “You might say, what are we going to do with the proceeds of this? And let…
The post Is Disney Ready To Pay Comcast Over $9 Billion For Hulu? appeared on BitcoinEthereumNews.com.
In this photo illustration, Comcast Corporation logo is seen on a smartphone and Hulu logo on a pc … [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Nine is the magic number, though Hulu may be worth more. When asked whether Comcast was intending to sell its one-third stake in Hulu to Disney, Comcast’s CEO Brian Roberts stated that he believed “it will end up happening”. In a recent SEC filing by the Walt Disney Company that amended the deadline of the company’s original “put/call” agreement regarding NBC Universal’s 33% ownership interest in Hulu, Comcast—parent company to NBCU—can exercise its “put” option and require Disney to purchase its stake in Hulu, or Disney can exercise its “call” option to require Comcast to sell its 33% stake in Hulu to Disney at a value based on NBCU’s equity ownership at either a guaranteed floor value of $27.5 billion or at fair market value, beginning September 30, 2023. Disney and Comcast have both reportedly hired investment banks, JPMorgan Chase and Morgan Stanley, respectively, to determine the equity fair value of Hulu. If the valuations are not within 10% of each other, the banks must then select a third investment bank to make an additional determination, taking the average of the two determinations that are closest in value to each other, according to the SEC filing. The appraisal process will take into account Hulu’s historical financial and operating results, based solely on audited financial statements, as well as Hulu’s future business prospects and projected financial and operating results, among other relevant factors. Roberts also believes that Hulu is more valuable than $27.5 billion today than it was back then. “You might say, what are we going to do with the proceeds of this? And let…
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