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Exclusive: Former News Corp President Chernin bids $500 million for Hulu

Former News Corp president Peter Chernin bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process.

President Peter Chernin to leave Murdoch's News Corp.

Chernin has headed Rupert Murdoch's Fox movie and TV operations and been a key link to Wall Street and Hollywood. No successor is named.

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