Is Hulu for Sale?

If the story is not true, then WSJ and LA Times will look rather silly. Still, we have some conflicting sources to the story with a slight similarity to the overall story. I don’t think this just came from out of the blue. WSJ and LA times most likely have a valid source, so Hulu is up to something, and I suspect that something is Hulu taking offers to sell the company.

Late Tuesday afternoon it was reported by the Wall Street Journal that Hulu had been approached by an undisclosed potential buyer to take over the company. The offer was so good that reportedly Hulu’s board of directors called a meeting to discuss the offer and solicit bids from other potential bidders.

The Los Angeles Times reported that the bid came from Yahoo! Michael Arrington of TechCrunch discounts that Yahoo! would make such an offer. Now, it’s being reported that it might all be a wash out, and there never was an offer. Hulu is owned by News Corp., Walt Disney and Comcast.

After the reports from WSJ and LA Times, some websites speculated on who the potential buyer might be. Then, this morning I was told of a tweet from CNBC correspondent Julia Boorstin. Her tweet said “it’s not Google who made the offer.”

The owners haven’t commented on any of the reports floating around on the newswires and internet. But, Arrington also reported that Morgan Stanley is fielding offers for those who are seeking to buy Hulu.

If the story is not true, then WSJ and LA Times will look rather silly. Still, we have some conflicting sources to the story with a slight similarity to the overall story. I don’t think the story came from out of the blue. WSJ and LA times most likely have a valid source, so Hulu is up to something, and I suspect that something is Hulu taking offers to sell the company.