Comcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process to put the streaming service under one owner.
Comcast, which owns one-third of Hulu, has hired Morgan Stanley , and Disney, which owns the other two-thirds, has hired JPMorgan Chase .
Spokespeople for Comcast, Disney, Morgan Stanley and JPMorgan declined to comment.
That deadline represents the final date at which Hulu's valuation will be assessed by both Morgan Stanley and JPMorgan Chase.
On Nov. 1, Comcast can force Disney to acquire its 33% stake in Hulu and/or Disney can trigger its option to acquire the stake from Comcast.
Persons:
what's, Morgan Stanley, JPMorgan Chase, Hulu —, Brian Roberts, Goldman Sachs, Roberts
Organizations:
Comcast, Disney, Hulu, JPMorgan, JPMorgan Chase
Locations:
Hulu