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ReportTT: 6 different companies put in bids for online TV streaming service Hulu

Report: Hulu said to be entertaining acquisition bids from 6 different groups
| Business, Financial & Legal News | Posted: May 24, 2013 8:55 pm

According to several reports around the Internet, Hulu has received bids from four different companies seeking to acquire the next-day TV streaming service. Reports from The Los Angeles Times and Reuters state that the Chernin Group and Guggenheim Digital Media have both placed bids for Hulu.

 

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DirecTV and Time Warner Cable are also said to have put in bids for the company. Hulu, despite companies looking to acquire it, continues to do well, turning $695 million in revenue for last year. Bloomberg adds that KKR and Silver Lake have both entered into the bidding, bringing up the total bids to six.

NEWS SOURCES:Twitter.com, Reuters.com, Latimes.com, Mashable.com

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