Part 2/11:
The announcement came unexpectedly during Comcast CEO Brian Roberts’ address at the Goldman Sachs Telecom and Media Conference. Roberts revealed that the companies are planning to begin negotiations for selling Comcast’s minority stake in Hulu earlier than scheduled, marking a notable acceleration of the process. Although the formal negotiations are slated to start on September 30th, industry insiders suggest that behind-the-scenes discussions have already been underway, with the date serving more as a formal kickoff.
Why the Rush?
There are several strategic reasons motivating this accelerated timeline: