Disney’s Buyout of Minority Stake in Hulu Won’t Come Cheap, Signals Comcast
Comcast (NASDAQ: CMCSA) is highly unlikely to sell off its minority stake in Hulu cheaply, the media giant''s CEO, Brian Roberts said at a conference on Wednesday. Roberts'' comments came after Disney''s (DIS) CEO, Bob Chapek''s comments that he would like to buy off Comcast''s minority stake, of around 33% in Hulu as quickly as possible. According to Reuters, the deal reached back in 2019 had looked at a minimum valuation of $27.5 billion for Hulu. The report stated that Chapek''s comments in an interview with Financial Times suggested that since viewers have grown increasingly indifferent about streaming, a more modest payout for Hulu was warranted.
Disney’s Buyout of Minority Stake in Hulu Won’t Come Cheap, Signals Comcast
Comcast (NASDAQ: CMCSA) is highly unlikely to sell off its minority stake in Hulu cheaply, the media giant''s CEO, Brian Roberts said at a conference on Wednesday. Roberts'' comments came after Disney''s (DIS) CEO, Bob Chapek''s comments that he would like to buy off Comcast''s minority stake, of around 33% in Hulu as quickly as possible. According to Reuters, the deal reached back in 2019 had looked at a minimum valuation of $27.5 billion for Hulu. The report stated that Chapek''s comments in an interview with Financial Times suggested that since viewers have grown increasingly indifferent about streaming, a more modest payout for Hulu was warranted.