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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

By Trace Hagan on May 24, 2013 03:55 pm CDT - 0 mins, 30 secs reading time

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.

Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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