Hulu's I.P.O. Could be Valued at $2 Billion
Hulu is said to be working with investment banks on an initial public offering that could value the company at over $2 billion as early as this fall, the New York Times reports.
The online provider of professional video content was founded in 2007 and is currently held by NBC Universal, News Corporation and Disney. The Times noted that although Hulu had reported $100 million in revenue last year and expects to make the same amount of money by the first half of this year, the company is still not making much of a profit.
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