Comcast Says In Q3 2023, Amended Agreements With Walt Disney, Certain Of Its Units Regarding Ownership Interest In Hulu And Related Put, Call Provisions
Portfolio Pulse from Benzinga Newsdesk
Comcast has amended its agreements with The Walt Disney Company and its subsidiaries regarding its ownership interest in Hulu and the related put and call provisions. The put/call provisions may now be exercised in November 2023. Comcast borrowed $5.2 billion under a term loan facility in 2019, which is fully collateralized by the minimum guaranteed proceeds of the put/call option related to its investment in Hulu.
October 26, 2023 | 7:13 pm
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NEUTRAL IMPACT
Comcast's amended agreements with Disney regarding Hulu could potentially impact its financial position, depending on the outcome of the put/call provisions. The company's $5.2 billion loan is also tied to this situation.
The amendments to the agreements with Disney could potentially change Comcast's financial position, depending on how the put/call provisions are exercised. The company's significant loan is also tied to these provisions, adding another layer of potential impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The Walt Disney Company's agreements with Comcast regarding Hulu have been amended, which could potentially impact Disney's stake in Hulu, depending on the outcome of the put/call provisions.
The amendments to the agreements with Comcast could potentially change Disney's stake in Hulu, depending on how the put/call provisions are exercised. This could impact Disney's ownership and control over Hulu.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75