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

People over profit is steering business in a new direction

An unsettling few years has resulted in more and more companies hiring Chief People Officers to implement a culture that prioritises employee wellbeing

Databricks: The phenomenal rise of a data and AI heavyweight

Founded a decade ago, Databricks is on a mission to help data teams solve the world’s toughest problems using tools including its Lakehouse Platform

Business Chief expands portfolio with new look and coverage

Business Chief US & Canada launches with fresh new look and extended coverage of the region, with exclusive executive interviews, opinions and insights

Google at 25: The remarkable rise of a technology colossus

Technology & AI

Mind the Gap – fashion retailer Uniqlo targets US market

Corporate Finance

Meet Manish Sharma, the new CEO of Accenture North America

Leadership & Strategy