The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that thi…
“I think it’s more likely than not that we go through with what we said all along. That … they’ll put, we’ll call at the beginning of next year,” he said.
“I think Disney recognized as anybody else would recognize that Hulu is really valuable,” Roberts said. The contractual floor valuation is about $9 billion for the stake. He hopes it will be well north of that. The question is what “a willing buyer in a robust auction” would pay. “And it’s sort of a hypothetical question,” since there’s never been an asset like this for sale — a platform with more than 50 million Hulu domestic streaming subscribers, “all the content from Disney and Fox. And so what’s worth to any buyer, including Disney? We’re including Comcast, we’re including other tech companies, or whomever. And that’s what the job is…to give us one-third of that value.
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