Comcast and Disney Move Up Hulu Sale Talks to September

Comcast and Disney last week signed a modification agreement to bring forward the timing of their formal Hulu sale talks to Sept. 30 from its previous January 2024 timeline, Comcast CEO Brian Roberts says.

Speaking at an investor conference Wednesday, Roberts says all the synergies around Hulu could be worth $30 billion, before you even ascribe value to Hulu. The previous minimum number of $27.5 billion for Hulu was “hypothetical,” per Roberts, with the company “way more valuable” today than it was when that number was set.

Roberts says proceeds from Comcast’s sale of its Hulu stake would be returned to shareholders.

More to come…

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