M&A - Walt Disney Co

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Acquisition

Type: New

Accession Number: 000174448925000126

Filing Summary: On June 9, 2025, The Walt Disney Company announced the completion of a contractual appraisal process concerning its acquisition of NBC Universal’s 33% interest in Hulu, LLC. This follows NBCU's notice on November 1, 2023, for Disney to purchase the stake based on higher of a contractual appraisal value or a guaranteed floor value of $27.5 billion. Disney had previously paid NBCU approximately $8.6 billion for the interest. The finalized valuation resulted in an additional payment of $438.7 million due by Disney to NBCU. This transaction is expected to enhance Hulu's integration with Disney+ and ESPN products, providing a better value proposition for consumers. The acquisition is set to close on or before July 24, 2025.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000095015725000034

Filing Summary: On January 6, 2025, The Walt Disney Company announced a definitive agreement to combine its Hulu + Live TV business with FuboTV Inc. This agreement is significant as it marks a merger of services that may enhance Disney's streaming offerings. Additionally, FuboTV has resolved all ongoing litigation with Disney and ESPN related to the planned sports streaming platform, Venu Sports. As part of this agreement, Disney, alongside Warner Bros. Discovery and FOX, will make a $220 million aggregate cash settlement to Fubo at the signing of the transaction. However, there are potential risks including possible legal actions from regulators or third parties that could delay or prevent the merger from closing. Furthermore, despite the resolution of litigation, the launch of Venu Sports might still face delays or challenges.