Video portal Hulu’s owners have started negotiations with a series of tech giants who are trying to shop for it. Among them, there are Google, Microsoft and Yahoo! in line with some reports, the sale would bring the present homeowners concerning a pair of billion bucks.
The video-on-demand web site is changing homeowners. Hulu, that may be a joint venture between massive names within the media business, like the Walt Disney Company, NBC Universal (Comcast / General Electric), Fox Entertainment cluster (News Corp.) and Providence Equity Partners, was initial approached in late June, SF Gate says. NBC universal is that the main shareholder, with 32% . Fox Entertainment Corp. owns 31%, Disney – ABC TV cluster has twenty seventh and Providence Equity Partners have 100%.
Elisa Schreiber, a spokesman for Hulu was contacted and asked to investigate the topic of the potential sale. She declined to reveal any info relating to the transaction of the corporate. The spokesmen for the potential consumers, Microsoft, Google and Yahoo!, wouldn’t investigate the matter, either.
The specialists say that if Hulu were to be bought by any of the mentioned firms it might be improved. a brand new owner might equip it with a stronger financial foundation.
Hulu was founded in March twelve, 2008 and has its headquarters in la, California. Its services cowl the realm of the us and its overseas territories. It distributes video on its own web site however conjointly on different websites. It conjointly permits its users to embed its videos in their websites. Hulu’s content includes programs from TV channels like NBC, ABC, FOX, MSNBC, CNBC, MTV, VH1, Nickelodeon and National Geographic Channel, still as an over sized variety of flicks. Since November 2009, Hulu is additionally distributing music. It signed partnerships with record labels so as to host music videos and concerts. Among the partners, there are EMI (since November 2009) and Warner Music cluster (December 2009). Hulu may be followed on TV, on computers, on tablets or on smartphones.