Comcast, Disney Appoint Morgan Stanley, JPMorgan To Determine Hulu's Worth As Sale Process Advances
Portfolio Pulse from Benzinga Neuro
Comcast Corporation (NASDAQ:CMCSA) and The Walt Disney Company (NYSE:DIS) have engaged Morgan Stanley and JPMorgan Chase & Co. respectively to evaluate the value of streaming platform Hulu. The valuation is part of a 2019 agreement between Disney and Comcast, and will determine the worth of Hulu for a potential sale. The valuation process is complex due to Hulu's size and its 48.3 million subscribers.
October 13, 2023 | 5:10 am
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NEUTRAL IMPACT
Comcast's stake in Hulu is being evaluated for a potential sale, which could impact its asset portfolio.
The valuation of Hulu could impact Comcast's assets depending on the outcome. However, the impact on the stock price is uncertain at this stage.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Disney's majority stake in Hulu is being evaluated for a potential sale, which could impact its asset portfolio.
The valuation of Hulu could impact Disney's assets depending on the outcome. However, the impact on the stock price is uncertain at this stage.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan Chase & Co. has been hired by Disney to evaluate Hulu's worth, which could potentially increase its revenues.
JPMorgan's engagement in the valuation of Hulu could potentially increase its revenues, which could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Morgan Stanley has been hired by Comcast to evaluate Hulu's worth, which could potentially increase its revenues.
Morgan Stanley's engagement in the valuation of Hulu could potentially increase its revenues, which could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60