Hulu’s Talks With Time Warner Cable For Ownership Fall Apart

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Video streaming service has cancelled plans to sell equity to Time Warner Cable.  Discussions may be started up again at a later date, according to sources with Variety.  There are currently three media companies that own Hulu: The Walt Disney Company (ABC), News Corporation (FOX), and Comcast (NBC).


Earlier this year, these three companies solicited bids to sell the company.  DirecTV, The Chernin Group, AT&T, KKR, and Guggenheim Digital all made offers.  Time Warner Cable proposed a partial ownership stake.

On July 12, Hulu’s owners decided to end the bidding process and invest $750 million into the video website to add more content and continue growing the company.  They decided to end the bidding process because the offers were too low.

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