25 May 2013 10:30 PM, PDT | Deadline Hollywood | See recent Deadline Hollywood news »

Update: The last time Hulu was in play, it was 2011 and an auction sale went nowhere. And before that, in 2010, an Ipo was contemplated but not pursued. So I’m somewhat skeptical about a successful outcome this time around. A myriad news reports are counting 7 named suitors (and an 8th unidentified pay TV outlet) who want the 6-year-old web video service outright or at least an equity stake. Most of the bids came in time for a soft Wednesday deadline set by co-owners Walt Disney Co, News Corp, and Comcast Corp without a formal M&A process. Yahoo came in Friday morning. More may follow. The other confirmed bidders include Kkr & Co, Silver Lake Management/Hollywood agency Wme, Guggenheim Digital (even though Guggenheim Securities advises Hulu’s board), Time Warner Cable (interested in becoming a 4th co-owner), DirecTV, and the Chernin Group (whose Peter Chernin helped create Hulu and has »

- NIKKI FINKE, Editor in Chief

Report a problem

Similar News Items

Peter Chernin
Time Warner Cable

IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners