Illustration by Alex Castro / The Verge
Disney is buying up Comcast’s stake in Hulu. The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.
But Disney might end up paying more than that. Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th. If Comcast’s stake is determined “to be greater than the guaranteed floor value,” Disney will have to pay Comcast the difference.
Disney says the timing of the appraisal process is “uncertain,” but it expects it to be completed sometime next year. This all stems from the deal Disney made with Comcast to buy its one-third stake in Hulu in 2019. The deal was initially…
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