Comcast (CMCSA) and Disney's (DIS) dance on the ownership of streaming service Hulu will come to a close this month.
"A little bit of news this morning — that we and Disney last week signed a modification to our agreement to bring forward the answer to that question to September 30," Roberts said. "After some short period of time, Disney can call, we can put, and I believe that's what will happen."
In 2019, Disney and Comcast inked a deal giving Disney the option to buy out Comcast's stake in Hulu by 2024. The agreement originally valued the streaming service at a minimum of $27.5 billion.
However, Roberts suggested that the purchase price for Hulu could hit $30 billion based on "synergies."
"No one has ever sold or auctioned off a pure play streaming asset that's in this kind of position," Roberts added. "That's a scarce kingmaker asset."
This is breaking news. Please check back for updates.
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Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agarfinks and on LinkedIn.
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