M&A
confidence high
sentiment neutral
materiality 0.90
Disney to acquire Comcast's 33% Hulu stake for ~$8.61B at $27.5B floor value
Walt Disney Co
- NBCU exercised put right requiring Disney to purchase its 33% Hulu stake; Disney expects to pay ~$8.61B by Dec 1, 2023.
- Guaranteed floor value for Hulu is $27.5B; if fair value appraisal exceeds floor, Disney pays NBCU additional amount.
- Hulu equity fair value assessed as of Sept 30, 2023; appraisal process expected to complete in 2024.
- Disney will share 50% of estimated U.S. tax savings from acquisition with NBCU, primarily over 15 years.