Disney CEO Bob Iger Confirms Talks With Comcast Over Hulu Stake Sale

On April 15, WarnerMedia sold back its stake in Hulu in a deal that valued the streamer at $14 billion. Disney revealed Wednesday that it funded the deal “via a loan” to Hulu. NBCU has 90 days from the date of the transaction in which it can elect to contribute its proportionate share (or 30 percent) toward the purchase price of the Hulu stake. That would mean Disney would become the 67 percent owner in Hulu and Comcast would become a 33 percent owner. If NBCU does not participate in the purchase of WarnerMedia’s stake, Disney would up its ownership to 70 percent. – Natalie Jarvey, The Hollywood Reporter » http://bit.ly/2DZ672x
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