Disney to acquire all shares of Hulu for $8.6 billion

This site reported on November 2 that Disney will acquire Comcast’s stake in Hulu. The entertainment giant announced on Wednesday that it is "expected to pay" $8.61 billion (Note from this site: currently about 63.025 billion yuan) to acquire Comcast's 33% stake in Hulu, giving Disney full ownership of Hulu.

#But Disney may end up paying more than that. Disney and Comcast have both agreed to conduct a valuation process to determine Hulu's fair value as of September 30. If Comcast's shares are deemed to be "above the guaranteed minimum value," Disney would have to pay Comcast the difference.

Disney said the timing of the review process is "uncertain," but it is expected to be completed sometime next year. It all stems from Disney's 2019 deal with Comcast to acquire one-third of its stake in Hulu. The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date forward to September 30.

At the time, the two companies agreed on a minimum valuation of Hulu of $27.5 billion. “That was just a hypothesis we picked five years ago,” Comcast CEO Brian Roberts said at an investor conference in September. “The company is worth a lot more today than it was then. ”

Hulu saw little change in subscriber numbers last quarter, and Disney announced price hikes for all of its streaming services and hinted at a crackdown on password sharing. In October, the price of Hulu's ad-free service increased from $14.99 to $17.99 per month, while Hulu's price with live TV increased from $68.99 to $75.99 per month.

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