The Walt Disney Co.’s $8.61 billion check to acquire Comcast's 33% stake in Hulu arrived on Friday, and Comcast president Mike Cavanagh told a UBS media investor conference in New York Monday morning (December 4) he expects there to be more money from the Hulu divesture coming in following an ongoing process to properly value the platform.
The “check cleared, it’s in the account,” Cavanagh said. “We expect, and certainly hope to get, more than that once the process ends. But it’s really just the beginning.”
