• Hulu Sale Cancelled

    Online video provider Hulu, which is jointly owned by Comcast, News Corp., Disney and Providence Equity, has been on the market for a few months. The bidding hasn't gone as well as the owners had hoped, with offers being too low or asking for concessions Hulu doesn't want to give.

    Today it came to an end with the owners issuing a joint statement:
    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.
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