Like a disillusioned veteran of the dating scene, Hulu has taken itself off the market for the time being. The online entertainment company issued a statement intended to put an end to months of speculation, which naturally led to speculation along different lines – what Hulu will do next.
Here’s the joint statement from Hulu owners News Corporation, Providence Equity Partners, The Walt Disney Company and the Hulu senior management team, in its entirety: “Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success. Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for Hulu.”
Comcast Corp. also is a part-owner of Hulu, but it surrendered its role in management and operations as part of securing goverment approval for its acquisition of NBCUniversal. According to multiple reports, the suitors who had considered bidding for Hulu included Google Inc., Dish Network Corp., Amazon.com Inc. and Yahoo Inc., and the purchase price was in the neighborhood of $2 billion.
Los Angeles Times – http://tinyurl.com/3j6nven
Wall Street Journal – http://tinyurl.com/43chxnsl
Bloomberg – http://tinyurl.com/3facdu4
Reuters – http://tinyurl.com/3h8ue4b
Forbes – http://tinyurl.com/5v2pwtr