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Hulu Considers Sale: Sources

The online video service Hulu is considering putting itself up for sale after receiving an unsolicited takeover offer, sources said Tuesday. The anonymous sources said the offer was large enough for Hulu’s board to review the deal and consider seeking other buyers. Hulu is owned by NBCUniversal—which is owned by Comcast—and also the Walt Disney Company and Rupert Murdoch’s News Corp. Hulu’s CEO has estimated that the company will have 1 million paying customers by the end of the year and will generate nearly $500 million in revenue, up from $263 million in 2010.

June 21, 2011 10:43 PM