Should a third-party appraisal of Hulu match NBCUniversal's valuation for the streaming platform, Disney will have to come up with an additional payment of as much as $5 billion to finally close its purchase of NBCU's 33% stake in the former joint venture, a Disney's 10-Q filing on Tuesday revealed.
Last November, Disney made what was an initial payment of $8.61 billion to NBCU to acquire the last remaining share of Hulu it didn't already own. That amount covered one-third of a $27.5 billion "floor valuation" of Hulu. The two sides agreed to more precisely appraise Hulu's value to determine if Disney owed more than that.
