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Update: DirecTV Said Among 3 Hulu Bidders at $1 Billion or More

Discussion in 'News' started by Athlon646464, May 31, 2013.

  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
    Uxbridge, MA
    Update: DirecTV Said Among 3 Hulu Bidders at $1 Billion or More

    DirecTV, the second-biggest U.S. pay-TV service, and two other bidders are each offering at least $1 billion for Hulu LLC, the online video website, said people with knowledge of the bid. The other two couldn’t be identified immediately. Los Angeles-based Hulu’s board has been weighing at least seven buyout offers and plans to narrow those to three or four in a few weeks, said the people, who requested anonymity because the deliberations are private.

    Bids of at least $1 billion increase the odds that owners Walt Disney Co., News Corp. and Comcast NBC Universal will sell Hulu after a previous auction and plans for an initial public offering faltered.

    Hulu would give DirecTV, with 20 million subscribers, a lower-cost online video offering alongside its more expensive pay-TV packages.

    Full Story Link & Continuing Discussion Here
     

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