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Hulu has hired Guggenheim Partners to advise on a sale of the company, even as the financial services firm is considering making its own bid for the video streaming service, three sources with knowledge of the matter told Reuters.
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?
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.