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Hulu Mulls Sale. Buyer Remains a Mystery
Posted By Sonya Donaldson On June 24, 2011 @ 2:26 pm In Blogging and Social Media,Internet and Online Business | No Comments
Hulu is remaining tight-lipped about a possible sale of the company; but that hasn’t stopped analysts from speculating. And based on the video-streaming site’s recent moves, they have good reason. Sources say the company has retained investment banking firms Morgan Stanley and Guggenheim Partners to facilitate a sale that could take place in two weeks.
Earlier reports have Hulu considering an unsolicited offer . And rumor has it that Yahoo might be the secret suitor. But the sale could prove difficult, given the company’s challenges: the loss of main backers Peter Chernin (who left News Corporation) and Jeff Zucker (who left NBC Universal). Plus, because Hulu was founded as a joint venture between Disney, NBC Universal, News Corp. and Providence Equity Partners, those ties might prove a challenge to navigate.
Read more at Venture Beat .
Article printed from Inc. Technology: http://technology.inc.com
URL to article: http://technology.inc.com/2011/06/24/hulu-mulls-sale-buyer-remains-a-mystery/
URLs in this post:
 unsolicited offer: http://technology.inc.com/2011/06/22/hulu-considers-unsolicited-offer/
 Venture Beat: http://venturebeat.com/2011/06/22/hulu-is-for-sale/
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