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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.
Disney and News Corp. have begun discussions about resolving uncertainty over online video site Hulu, with one possible outcome being that one or the other sells their stake.
After months of being courted by technology giants and TV signal providers, online video service Hulu is no longer for sale, its media company owners said Thursday. The Walt Disney Co., News Corp., Comcast Corp. and Providence Equity Partners had been shopping the site since June after receiving an unsolicited takeover offer.
Senh: I guess they couldn't get the price they were looking for. According to Bloomberg, they're looking to go public. Speaking of content acquisition. Hulu is owned by three media companies. How could they NOT get more content than Netflix?