You will be redirected back to your article in seconds

WME Enters Hulu Sale Fray

Private equity firm Silver Lake enters the bidding

Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu.

While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds separate from what Silver Lake funnels into the firm.

A rep for WME declined comment.

Silver Lake is mentioned along with KKR & Co. as companies submitting bids for the online video hub, which is owned by Disney, News Corp. and NBCUniversal.

The companies join a list of suitors expected to submit bids including DirecTV, Time Warner Cable, Guggenheim Digital and Chernin Group.In addition, it came to light Friday that Yahoo has joined the roster, while another tech giant that was reported to be entertaining a bid, Amazon, is staying out of the running.

While it would be unusual for WME to play a role in any capacity of operating Hulu, the agency has been an investor in new-media properties in recent years, including OToy, Airtime, Chill and OpenSky.

Silver Lake, which is heavily invested in Silicon Valley companies, bought a 31% stake in the agency last year.

More Digital

  • Netflix Execs Call Film Critics 'Disconnected'

    Netflix Execs Call Critics 'Disconnected' for Bashing 'Bright' Film

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

  • Netflix lobby

    Netflix Execs Say They’re Not Afraid of Disney’s Streaming Service

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

  • Bright Netflix

    Netflix Blasts Past Q4 Subscriber-Growth Expectations, Shares Soar to All-Time High

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

  • Rupert Murdoch

    Rupert Murdoch: Facebook Should Pay Publishers Just as Cable Operators Pay for TV

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

  • vice_logo

    British Presenter Details Allegations of Inappropriate Behavior by Vice Media

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

  • Vevo Product Head Mark Hall Exits

    Vevo Head of Product Leaves Month After CEO Departure (EXCLUSIVE)

    Talent agency WME has paired up with its private-equity backer Silver Lake Management on a bid to acquire Hulu. While a report from Bloomberg on Friday didn’t specify exactly what role WME would play in a potential acquisition, sources suggest the two entities would team up on the bid. The agency would be using funds […]

More From Our Brands

Access exclusive content