Disney Vs. Comcast: Tight Competition Demands Best Value for Impending Acquisition of Hulu
Interesting event developments may become very beneficial for shareholders, who can expect significant boosts of market value of their respective holdings.
Interesting event developments may become very beneficial for shareholders, who can expect significant boosts of market value of their respective holdings. A leading streaming platform Hulu is presently owned by two competing media companies. With a deal in place to transfer ownership, leading to a future transaction, things could become really heated.
Streaming platform Hulu is 67% owned by The Walt Disney Company (DIS) and 33% owned by Comcast Corp. (CMCSA), two competing media companies.
Comcast has a deal in place to sell its Hulu stake to Disney as early as 2024 based on a fair market value. Under the terms of the deal, Hulu will be valued at a minimum valuation of $27.5 billion, which would make Comcast’s stake worth $9.08 billion.
Hulu was launched in 2007 as a partnership between several media companies as a platform to air past episodes of television series. While several media companies and private equity investors formerly owned a piece of the company, it was Disney’s buyout of 21st Century Fox in 2019 that gave the company majority control and ownership of the platform.
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