Printed from http://www.electronista.com

Hulu may opt out of selling itself following low bids

updated 04:45 pm EDT, Fri September 30, 2011

Hulu owners may back out of sale after low bids

Earlier rumors of Hulu going back on its decision to sell itself off are proving true, two sources have told SAI. The bids, while they are still rolling in, aren't as high as initially hoped. Hulu's parent companies are reportedly looking for $2 billion for the online service.

The potential buyers are likely thinking that the licensing deals for content will need to be renewed and need to be renegotiated anyhow, though Hulu's parents are putting a large value on this.

Dish made a $1.9 billion bid for Hulu, while Google offered nearly $4 billion, though it wanted special concessions Hulu wasn't ready to give up.

Hulu is co-owned by News Corp., Disney, Comcast's NBC Universal and Providence Equity Partners.



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