Hulu approaches potential buyers - report

News Broadband Global 26 MAR 2013
Hulu approaches potential buyers - report
Video website Hulu has approached potential buyers about their interest in buying the company, three sources close to the firm told Reuters. The move is part of a strategic review at the company owned by News Corp, Walt Disney and Comcast, which has received no formal offers. News Corps and Disney are considering alternatives, including buying each other out. Neither company were prepared to comment on the matter. Someone familiar with situation told the Wall Street Journal that one of the companies contacted was Guggenheim Partners, while AllThingsD mentions Amazon and Yahoo. Hulu, which has over 3 million premium service subscribers and generated around USD 700 million in revenue last year, considered an IPO in 2010 and was put up for sale before rejecting acquisition bids in 2011. It also bought a 10 percent stake back from Providence Equity Partners for USD 200 million in October 2012.

Categories:

Internet

Companies:

Comcast,  Hulu,  News Corp,  Disney

Regions:

Global

Tags:

Wireline, Wireless, Consumer, M&A buyouts & divestments

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