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.
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