Exploring Cardano: Inner Workings and Advantages of this Cryptocurrency
Seville.- Economy.- Innova.- STSA inaugurates its new painting and sealing hangar in San Pablo, for 18 million
Innova.- More than 300 volunteers join the Andalucía Compromiso Digital network in one month to facilitate access to ICT
Innova.-AMP.- Ayesa acquires 51% of Sadiel, which will create new technological engineering products and expand markets
Unicaja lifts its first FIBA Champions League at the expense of Lenovo Tenerife
Abascal (Vox) criticizes that Sánchez is "victimizing" himself and calls for elections after his possible resignation
Carlos Alcaraz reaches the round of 16 in Madrid without breaking a sweat
Some 5,000 people demonstrate in front of Congress for democracy, hours before Sánchez's decision
How Blockchain in being used to shape the future
Not just BTC and ETH: Here Are Some More Interesting Coins Worth Focusing on
UPV students build a prototype of a wooden house to move to Equatorial Guinea
The UA opens the call for the Impulso 2024 Awards for the best innovative business initiatives
ALI, virtual assistant from Alicante, internationally recognized by the OECD
Retrópolis brings the golden age of video games and computing to the UPV
A million people demonstrate in France against Macron's pension reform
Russia launches several missiles against "critical infrastructure" in the city of Zaporizhia
A "procession" remembers the dead of the Calabria shipwreck as bodies continue to wash up on the shore
Prison sentences handed down for three prominent Hong Kong pro-democracy activists
ETH continues to leave trading platforms, Ethereum balance on exchanges lowest in 3 years
Investors invest $450 million in Consensys, Ethereum incubator now valued at $7 billion
Alchemy Integrates Ethereum L2 Product Starknet to Enhance Web3 Scalability at a Price 100x Lower Than L1 Fees
Mining Report: Bitcoin's Electricity Consumption Declines by 25% in Q1 2022
Oil-to-Bitcoin Mining Firm Crusoe Energy Systems Raised $505 Million
Microbt reveals the latest Bitcoin mining rigs -- Machines produce up to 126 TH/s with custom 5nm chip design
Bitcoin's Mining Difficulty Hits a Lifetime High, With More Than 90% of BTC Supply Issued
The Biggest Movers are Near, EOS, and RUNE during Friday's Selloff
Global Markets Spooked by a Hawkish Fed and Covid, Stocks and Crypto Gain After Musk Buys Twitter
Bitso to offset carbon emissions from the Trading Platform's ERC20, ETH, and BTC Transactions
Draftkings Announces 2022 College Hoops NFT Selection for March Madness
MADRID, 2 Nov. (EUROPA PRESS) -
The leisure and entertainment giant The Walt Disney Company has announced that it will buy Comcast, the largest cable television provider in the United States, its 33% stake in the streaming platform Hulu for approximately $8.61 billion (8.124 million of euros).
The operation, which will take place on December 1, will allow Disney to take over all of Hulu, as it already owns two-thirds of the platform under the agreement it signed with Comcast in 2019.
In said agreement, which valued Hulu at a minimum of 27.5 billion dollars (about 25.948 million euros at the current exchange rate), it was specified that Comcast could require Disney to take over its share of the business.
As reported by the leisure and entertainment giant in a statement, Comcast has exercised this right, so Disney will proceed to buy its missing share of Hulu that is in the hands of NBCU, owned by the Comcast group.
"The acquisition of Comcast's stake in Hulu at fair market value will advance Disney's streaming objectives," the company stressed.
Under the terms of the agreement, Disney expects to pay NBCU approximately $8.61 billion (about €8.124 billion) on December 1 for its stake in Hulu, taking as a reference the $27.5 billion minimum value of the platform that was set. in the 2019 agreement.
However, in accordance with the valuation process agreed upon by Disney and Comcast, the fair value of Hulu's equity will be evaluated as of September 30, 2023, and if the value is ultimately determined to be greater than the minimum guaranteed in the agreement, Disney will pay NBCU the difference.
The leisure and entertainment company has specified that, although the timing of the appraisal process is "uncertain", it plans to complete the operation during 2024.
Hulu is an on-demand video subscription service, providing its users with access to live broadcasts and additional content from a wide variety of channels, including sports, entertainment and news channels. Its number of subscribers currently exceeds 48 million.
