Disney (DIS) and Comcast (CMCSA) are in talks to hire a financial adviser to resolve a dispute over how to value the 33% stake in Hulu that Disney will acquire from Comcast, Anirban Sen and Dawn Chmielewski of Reuters report, citing people familiar with the matter. JPMorgan has valued Hulu for Disney at close to $27.5B, which is the floor valuation for Hulu that the companies had set as part of their 2019 “put-call” agreement, one of the sources said, while Morgan Stanley valued Hulu for Comcast at more than $40B, another source said, according to Reuters.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Media Giants Brace for NBA Broadcast Battle: Impact on Warner Bros.
- Disney Earnings: Here’s What Deutsche Bank Thinks of the Stock
- Disney (NYSE:DIS) Q2 Earnings: Here’s What to Expect
- Options Volatility and Implied Earnings Moves This Week, May 06 – May 10, 2024
- Bet On It: Recapping a week full of operator earnings