TECH - Disney Comcast Seek Advisor To Figure Out How Much Hulu Is Really Worth: Report | Benzinga
Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA) are reportedly seeking a financial advisor to resolve a dispute over the valuation of the former’s 33% stake in the streaming platform Hulu.
What Happened: The two media giants disagree over the stake valuation that Disney is set to acquire from Comcast, Reuters reported, citing people familiar with the matter.
This move is in line with the terms of the deal they struck for Hulu last year, which stipulates that if the valuation assessments by their respective banks, JPMorgan Chase and Morgan Stanley, differ significantly, they can hire a financial advisor to resolve the issue.
JPMorgan valued Hulu for Disney at approximately $27.5 billion, while Morgan Stanley valued it for Comcast at over $40 billion. ...