Part 5/11:
- Agreement and Valuation Terms: As part of Disney’s acquisition, both companies agreed that by January 2024—five years after Fox’s deal closed—Disney would have the right to purchase Comcast’s remaining stake (the "put option"), while Comcast held the call option to sell. The agreed minimum valuation for Hulu at this point was $27.5 billion, implying Disney would pay approximately $9 billion to buy the remaining shares at that valuation.
Industry Expert Valuations
Recent opinions from industry analysts estimate Hulu’s worth to be significantly higher than that minimum valuation:
- Tim Nolan (Macquarie Group): Values Hulu between $35 billion and $37.5 billion, implying Disney’s buyout cost of roughly $12 billion.