Mar 27, 2013

Hulu is Looking For Buyers

Image representing hulu as depicted in CrunchBase
Image via CrunchBase
It appears that the streaming television service, Hulu may be looking for a buyer. Three sources have told the Thompson Reuters news service that Hulu's board is putting out feelers to gauge interest in buying the online streaming service.

From The Huffington Post:
Hulu's board has approached potential buyers to gauge their interest in buying the online video service, three sources close to the company told Reuters, as owners News Corp (NWSA.O) and Walt Disney (DIS.N) weigh what to do with their interests in the five-year-old company.
The board sounded out several possible buyers as part of an internal strategic review begun recently, but it has not received a formal offer, one of the sources said on Monday, speaking on condition of anonymity because the discussions were private. It was unclear how many parties Hulu had contacted.
Experts are saying that Hulu will be a difficult sell because of their short-term contracts with television networks. Buyers will want lower costs with fixed long-term contracts before they will be willing to buy.
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