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Disney stock price change within one week after Hulu valuation resolution
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Stock price data from major financial news outlets
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Disney and Comcast Clash Over Hulu Valuation: $27.5B vs $40B, Court Battle Possible
May 31, 2024, 04:44 PM
Disney and Comcast have reached an impasse in their negotiations over the valuation of Hulu, raising the prospect of a court battle. Disney values Hulu at $27.5 billion, while Comcast estimates its worth at over $40 billion. The disagreement centers around Disney's buyout plans for NBCUniversal's 33% stake in Hulu. RBC Capital has been selected as an independent appraiser to referee the deal. The valuation is crucial as it will determine the amount Disney owes Comcast to buy out their stake. The Wall Street Journal first reported the news.
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