Printed from http://www.electronista.com

Hulu takes on Morgan Stanley for sale, Yahoo not involved

updated 06:00 pm EDT, Wed June 22, 2011

Hulu moves ahead with sale exploration

The recent surprise buyout offer for Hulu grew serious late Wednesday after CNBC host Julia Boorstin stated that Hulu had taken on Morgan Stanley and Guggenheim to field offers. The bank would help put the TV streaming service on the "auction block" by managing bids and exploring the feasibility of any deal. Boorstin still didn't know who the buyer or buyers might be.

Independently, SAI had ruled out any immediate prospect of an acquisition by Yahoo. It didn't "close the door" on prospects in the future, but the search pioneer wasn't the one behind the sudden flurry of activity.

To date, leaks have only ruled out candidates and scratched both Google and Yahoo out of the equation. Speculatively, some have suggested it might be Facebook hoping to become a media hub or Netflix looking to get better TV deals. Apple isn't considered likely both out of Steve Jobs' preference for non-subscription content and a comparatively secure relationship with studios.

Hulu hasn't formally acknowledged any of the talks.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News