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No Surprise, Disney & NBCUniversal Disagree On Hulu Valuation With $5 Billion In The Balance
Disney and NBCUniversal are $5 billon apart in a dispute about how much the former must pay the latter for absorbing the rest of Hulu.
In an SEC filing today in conjunction with its quarterly earnings, Disney said it cannot predict the outcome but it will owe somewhere between zero dollars and $5 billion. Consequently, completion of the appraisal process, including the manner of determining any such additional amount payable by the company, awaits the resolution of the confidential arbitration. As such, if the third appraiser’s equity fair value determination were equal to or below the guaranteed floor value, Disney would not be required to pay NBCU any additional amount.
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