UPDATE 1-Hulu taken off the block
“Our focus now rests solely on ensuring that our efforts as
owners contribute in a meaningful way to the exciting future
that lies ahead for Hulu,” the owners said in a joint
statement.Reuters reported last month that the auction of online
video site Hulu has been slowed due to conflicts over
complicated digital rights, a wide bid-ask gap and the lack of
commitment to sell by Hulu’s owners, among other things.This is the second time its owners have fashioned a full or
partial exit strategy that has failed. After nearly six months
of planning, the owners ditched an initial public offering last
December to raise up to $300 million.
#UPDATE #1Hulu #taken #off #the #block
