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Update: Bloomberg: Time Warner Cable still in talks to buy stake in Hulu


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 13 July 2013 - 06:06 AM

Update: Bloomberg: Time Warner Cable still in talks to buy stake in Hulu
 
Hulu may have put the kibosh on auctioning itself off wholesale, but it looks like some money may still be changing hands. Citing three people familiar with the situation, Bloomberg reports that Time Warner Cable is still participating in talks to purchase a stake in the streaming firm.
 
According to the same trio of sources, TWC was previously interested in nabbing a 25 percent claim in the outfit, and an agreement could be reached within two weeks. Hulu could soon have extra cash in its coffers from the cable giant, in addition to the $750 million its owners just vowed to pour into it, but it's entirely possible this deal could fizzle out too.
 

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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