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Hulu: No Sale

Hulu's stakeholders have decided not to sell the company after all, ABC Enterprises, NBC Universal, News Corporation, who jointly own the Web video site, said today. The companies will provide a cash infusion of $750 million to drive growth.

Headshot of Cameron Scott
By Cameron Scott

Hulu’s stakeholders have decided not to sell the company after all, ABC Enterprises, NBC Universal, News Corporation, who jointly own the Web video site, said today. The stakeholders will provide a cash infusion of $750 million to drive growth.

A number of credible bids had come in for Hulu, including from major cable companies.

“We believe the best path forward for Hulu is a meaningful recapitalization that will further accelerate its growth under the current ownership structure.

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Headshot of Cameron Scott

Cameron Scott

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