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Owners call off Hulu sale, to inject cash instead
2013-07-12 23:42:42| Telecom - Topix.net
Hulu's owners, 21st Century Fox, Disney and NBCUniversal, said Friday that they will remain owners of the online video service, while providing a cash infusion of about $750 million to ensure its future growth.
Hulu Owners Ditch Sale Plans, Invest $750M
2013-07-12 22:33:56| PC Magazine Software Product Guide
21st Century Fox, NBCUniversal, and The Walt Disney Company announced that they would maintain ownership of the video site and provide a $750 million cash infusion.
Tags: sale
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Fox, NBCUniversal, Walt Disney maintain ownership of Hulu
2013-07-12 19:36:00| Telecompaper Headlines
(Telecompaper) 21st Century Fox, NBCUniversal and The Walt Disney Company jointly announced they will maintain their respective ownership positions in Hulu and together provide a cash infusion of USD 750 million in order to propel future growth. Each of the media companies owns 33 percent in Hulu. Launched in 2008, Hulu is a provider of on-demand online television content from over 400 content partners, and has achieved more than 30 million monthly unique visitors. The owners earlier put the site up for sale, reportedly attracting bidders such as Yahoo, AT&T, DirecTV and Time Warner Cable. The company was expected to sell for over USD 1 billion.
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Hulu likely to lose next-day episodes after sale, Eisner says
2013-07-11 15:20:31| CNET News.com
The former head of Disney, one of Hulu's parents selling the streaming-video site, tells Bloomberg that whoever buys is likely to follow a Netflix route rather than stream TV repeats right after they air. [Read more]
Reuters - AT&T, DirecTV and KKR in race to buy Hulu
2013-07-09 14:25:29| Telecom - Topix.net
Streaming video site Hulu has attracted three bids of over $1 billion from suitors including a partnership of AT&T Inc and Chernin Group, the Wall Street Journal reported, citing people familiar with the matter.
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