Hulu considering unsolicited takeover

By Bizclik Editor


Everyone’s favorite place to watch reruns of their favorite TV shows, Hulu, is considering an unsolicited takeover offer, according to news reports Wednesday. Coincidentally, today’s reports come one year after the company was preparing to go public. News sites published stories late Tuesday saying the online streaming video website had received a bid, without naming the potential buyer. Other stories are naming Yahoo as the highest and sole bidder, while other sites are calling the reports untrue.

A Yahoo spokeswoman told reporters at CNN that the company doesn’t comment on rumor or speculation and News Corp. declined to comment. Hulu has not addressed the media regarding today’s rumor mill. CNN also says that if a buyout is in the process, it would be an easy exit strategy for Hulu and its co-owners considering that the company abandoned its plans for an IPO last year. Reportedly, Hulu dropped its public offering dreams because it wasn’t able to secure long-term deals with content providers.

See top stories in the WDM Content Network:

Hulu was founded in 2008 and is co-owned by News Corp.’s Fox, Comcast, Walt Disney Company’s ABC and private equity firm Providence Equity Partners. In a recent blog post, Hulu CEO reaffirmed the fact that the company isn’t in a financial downturn and in fact on pace to hit the $500 million mark this year, up from $263 million in 2010. We’ll continue to track Hulu’s ownership and offerings.


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital