Hulu gets takeover offer - report

News Broadband United States 22 JUN 2011
Hulu gets takeover offer - report
US online TV service Hulu is weighing whether to sell itself, people familiar with the matter told the Wall Street Journal. Hulu's board is considering the move after a potential buyer for the company approached it with an unsolicited offer, the sources said. While the identity of the potential buyer is unknown, the LA Times reports that Yahoo recently approached Hulu to discuss a possible takeover. The unsolicited offer has spurred Hulu to study its options, including soliciting other potential interest in the company from larger companies and private-equity firms. Hulu launched in 2008 and is owned by Walt Disney, News Corp, Providence Equity Partners and NBCUniversal. The company declined to comment on the report.

Categories:

Internet

Companies:

Hulu,  Yahoo!

Countries:

United States

Tags:

Portals / social media, M&A buyouts & divestments

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