Disney will pay Comcast $438.7 million for a stake in Hulu, writes Lilian Rizzo for CNBC.
This marks the end of a years-long valuation process that started when Disney announced its intent to purchase Comcast’s 33 percent stake in Hulu in 2023.
Back then, Disney paid $8.6 billion, reflecting Hulu’s guaranteed minimum value of $27.5 billion.
After the first payment, Disney and Comcast when into an appraisal process.
While Disney said its appraiser reached a valuation below the guaranteed floor, Comcast NBCUniversal’s appraiser “arrived at a valuation substantially in excess of the guaranteed floor value.”
July 24, at the latest, is the expected date for the final transaction to close.
“We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck,” said Disney CEO Bob Iger in a statement.
Iger believed the completed acquisition will pave the way for Hulu and Disney+ content to have a deeper and more seamless integration.
Read more about the Disney and Comcast valuation process and what their transaction completion will mean for viewers and the companies overall in CNBC.
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Editor’s Note: This post was originally published on PHILADELPHIA Today in June 2025.
