The value of Hulu, which has about 50 million subscribers, is far higher than the floor price that was previously agreed to by the companies.
Walt Disney Co said it plans to buy Comcast Corp’s one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year. The entertainment giant said in a statement Wednesday that it expects to pay at least $8.61 billion for the stake, including capital contributions payable to Disney by Comcast. Under a previous deal, Comcast and Disney agreed that the total value of Hulu would be no less than $27.5 billion.
Comcast in a statement it looks forward to the appraisal process, which “we expect will reflect the extraordinary value of the business.” The value of Hulu, which has about 50 million subscribers, is far higher than the floor price that was previously agreed to by the companies, Comcast Chief Executive Officer Brian Roberts has said. “The company is way more valuable today than it was then,” Roberts told attendees at a Goldman Sachs conference in September.
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