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Hulu Considers Unsolicited Offer
Posted By Matt DeLuca On June 22, 2011 @ 1:24 pm In Internet and Online Business | 1 Comment
The movie and television streaming site Hulu has been contemplating an offer to sell the company since yesterday, when an unsolicited bid fell on their doorstep. The company, which has so far struggled to show a profit, lost two of its most prominent backers when Peter Chernin left News Corporation and Jeff Zucker departed NBC Universal.
The company was founded as a joint venture of media leaders the Walt Disney Company, NBC Universal, and the News Corporation, along with Providence Equity Partners. Because any attempt to purchase the company would mean severing it from these content providers, analysts say that the cost of content may rise.
Read More at The New York Times .
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 The New York Times: http://dealbook.nytimes.com/2011/06/21/hulu-weighs-sale-after-unsolicited-bid/?ref=technology
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