Hulu sale axed again; Disney, Fox, NBC to inject cash
The entertainment studio owners of streaming television site Hulu on Friday called off a potential sale of the company, saying they would "maintain their respective ownership positions." In a statement, 21st Century Fox FOX +0.37% , NBC Universal CMCSA -0.27% , and the Walt Disney Company DIS +0.37% said together they would provide $750 million in cash "to propel future growth." This is the second time Hulu had been put on the auction block.
Hulu LLC’s owners are in talks to sell a stake in the streaming service to Time Warner Cable (TWC) Inc. as they seek to create a stronger competitor to Netflix Inc. (NFLX), according to people with knowledge of the situation.
An agreement, while not imminent, could be reached in as little as two weeks, said the people, who sought anonymity because the talks are private. Time Warner Cable had previously sought to acquire a 25 percent stake, they said. Owners Walt Disney Co., 21st Century Fox Inc. and Comcast (CMCSA) Corp.’s NBCUniversal yesterday called off plans to sell the service.
Quick bump your ID MB99 or MB79 and have them say they were right about Hulu or is that wrong?!?! When those "sources" give every scenario its kind of hard to believe anything eh? Kind of funny when it was rumored to be between Chernin and Directv with it going as high as $1.5B, triple what Chernin originally offered if I remember right. Which is really funny is Yahoo's partner in bed Motley Fool has mocked it the past few weeks. BTW. can you have Yahoo stop that marriage as its annoying to have a front page with a Motley Fool article no matter what? thx