Los Angeles-based Hulu, the online television streaming site, is dropping its plans to pursue an IPO, according to a report today from from the WSJ. Hulu had been among the Southern California companies looking to file an IPO. The WSJ cited people "familiar with the matter", saying that Hulu's management and board decided to backburner the IPO effort due to a lack of long term licenses to the content featured on the site. Hulu had been rumored to be seeking an IPO since August, with an IPO filing expected before the end of the year.
Top NewsTuesday, December 21, 2010
Report: Hulu Drops IPO Effort