Disney and Comcast are hiring a financial adviser to help value the 33% stake in Hulu that is currently for purchase.
What’s Happening:
- Reuters reports that after a deal was made from Disney to acquire Comcast’s 33% stake in Hulu last year, a new independent evaluation is being requested for the sale.
- JPMorgan and Morgan Stanley both provided valuations for Hulu, but since both work closely with the parties, they decided on an outside bank to assist.
- JPMorgan valued Hulu for Disney at $27.5 billion. Morgan Stanley valued Hulu for Comcast at $40 billion.
- Due to the confidential matter, the bank will be deemed anonymous.
- The bank will then provide a valuation. Whichever the new valuation is closer to (the JP Morgan or Morgan Stanley valuations), an average will be found and the deal will utilize that number.
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