Hulu, Online Video | featured news

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.

Hulu Chief Executive Jason Kilar will leave the online video service in the first quarter, he disclosed Friday in a blog post.

Larry King is returning as a talk show host this week, with his new home the Internet. "Larry King Now" is produced by Ora TV, a new digital venture backed by Mexican billionaire Carlos Slim. Ora TV is announcing a deal to also make "Now" available through the online service Hulu and Hulu Plus.

The news is surprising because for a long while now this has been a lousy economic climate to do any initial public offering.

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.

The auction of online video website Hulu LLC is chugging along, with financial advisers working to compare the various offers for the company after last week's latest bidding deadline.

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.