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


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 31 May 2013 - 05:51 PM

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.
 

1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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