Comcast Corp (NASDAQ: CMCSA) and Walt Disney Co (NYSE: DIS) recently adjusted their agreement to expedite their discussions about the sale of Hulu, setting a date for September 30.
Currently owning one-third of Hulu, Comcast initially planned to initiate sale talks with Disney, which holds the other two-thirds, in January 2024, Variety reports.
Comcast CEO Brian Roberts, speaking at a Goldman Sachs investor conference, emphasized the potential value of synergies related to Hulu, estimating them at $30 billion, even before considering the intrinsic worth of Hulu itself.
The earlier minimum valuation of $27.5 billion for Hulu was ...