---
schema_version: "secwatch.filing_event.v1"
accession: "0001744489-23-000206"
form_type: "8-K"
ticker: "DIS"
cik: "0001744489"
company_name: "Walt Disney Co"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:59:30.694651+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Disney to acquire Comcast's 33% Hulu stake for ~$8.61B at $27.5B floor value

## Summary
- 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.

## SEC filing metadata
- accession: 0001744489-23-000206
- form_type: 8-K
- ticker: DIS
- cik: 0001744489
- company_name: Walt Disney Co
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744489/000174448923000206/0001744489-23-000206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744489/000174448923000206/dis-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001744489-23-000206
- JSON: https://secwatch.observer/filing/0001744489-23-000206.json
- Plain text: https://secwatch.observer/filing/0001744489-23-000206.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.