Monday, November 16, 2015

Report: Hulu Seeks To Sell Stake To Time Warner

Los Angeles-based streaming television service Hulu is looking to sell a stake in the company to Time Warner, according to a report, which would value Hulu at $5 billion. According to the WSJ, Disney, 21st Century Fox and Comcast are looking to make Time Warner an equal partner in the streaming telvision company, to help further Hulu's efforts to compete with Netflix; in addition to cash, Time Warner would bring Hulu more exclusive content, said the report.