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Disney Closes Hulu Deal With Comcast, Paying Billions Less Than NBCU Was Seeking


Disney has finally closed its deal with Comcast to buy out NBCUniversal's one-third stake in Hulu -- and Disney is paying much less than earlier estimates indicated it might have to shell out.

The bank hired by Comcast to assess the value of NBCU’s stake would have resulted in an additional $5 billion payable by Disney. In May 2024, Disney and NBCU entered into a “confidential arbitration” to resolve the dispute over the appraisal process to determine the fair value of Hulu “in which the parties seek declaratory relief, equitable relief and unspecified damages,” Disney disclosed. The final equity fair value, which was completed on June 9, 2025, takes into account the valuation of a third appraiser, which if it had been equal to or below the guaranteed floor value would have resulted in no additional amount payable to NBCU and if it had been consistent with the NBCU’s appraiser’s valuation would have resulted in an additional amount of approximately $5 billion payable to NBCU as its share of the difference between the equity fair value and the guaranteed floor value.

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