Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast's minority stake in Hulu, if an appraiser were to agree with Comcast's assessment that the stake should be valued at more than $40 billion.
Toy figures of people are seen in front of the displayed Hulu logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/IllustrationWalt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast's minority stake in Hulu, if an appraiser were to agree with Comcast's assessment that the stake should be valued at more than $40 billion.
The deal gave Disney majority control over Hulu as it already owned a 33 per cent stake. Comcast retained its stake at the time believing that its value would rise significantly by 2024. In November last year, Disney agreed to take control of Hulu and pay Comcast at least $8.6 billion for the remaining 33 per cent stake, after Comcast triggered the deal as part of the 2019 agreement.
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