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The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process.
Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter.
The Wall Street Journal is reporting that Hulu has been approached with an offer to buy the company. Right now it is unclear who the offer is from but CNBC’s Julia Boorstin tweets it is not from Google.