Rumors for Online video service Hulu as Mobile tech news quotes from mashable, is considering a potential sale after an unknown bidder made an offer for the company, according to several reports.
Identity of the buyer cannot beconfirm, though CNBC’s Jolua Boorstin says it’s not Google. Not clear for how advanced the talks are, and as WSJ reports, Hulu hasn’t even determined if it wants to sell.
Hulu is heavily dependent on content from Walt Disney (which owns ABC), News Corp. (which owns Fox) and NBCUniversal (which is a subsidiary of Comcast and GE). These companies have an equity stake in Hulu and will have to approve any sale. If even one of these three partners didn’t approve and decided to pull its content from Hulu, it would dramatically affect the value of the online video website.
Network overlords in Hulu has been trying to appease with new deals and its Hulu Plus premium subscription option, but it’s also expanding its roster of original programming with several Hulu-exclusive shows.
Hulu is the second largest video website in the world behind YouTube. The company was reportedly preparing for a $2 billion IPO last year, but has pulled back due to concerns about its deals with the networks.
Many bets that Hulu decides to remain independent, at least for now. There are too many logistical nightmares with any sale, and the company is better off with an IPO, thanks to LinkedIn.
Update: It seems that Yahoo may be the company trying to buy Hulu, according to The Los Angeles Times.