×
You will be redirected back to your article in seconds

Hulu Suitors Down to Final Four

Short list of bidders comprises DirecTV, AT&T and Chernin Group, Guggenheim and KKR, Time Warner Cable, according to reports

The final bids are in for Hulu, with the Internet TV site’s owners now sitting down to sort through four offers — from DirecTV, AT&T and Chernin Group, Guggenheim and KKR, and Time Warner Cable — according to industry sources and published reports.

Hulu’s triumvirate of owners, Walt Disney Co., 21st Century Fox and Comcast, have received proposals from DirecTV, AT&T and Chernin Group, and Guggenheim Digital Partners in conjunction with private-equity firm KKR, The Wall Street Journal reported Monday. The value of the bids is unknown.

The Hulu owners are expected to make a decision on the sale within the next two weeks, sources said.

Time Warner Cable is still in the bidding, according to a source close to the negotiations. But the cable operator is seeking to buy a stake in Hulu instead of purchasing the whole entity, an outcome that’s unlikely, given Disney and  21st Century Fox’s desire to extricate themselves from the venture.

SEE ALSO: In Hulu’s Future, There Will Be Less Broadcast TV

DirecTV is seen as the leader of the pack, according to multiple industry sources. The satcaster at least in part would use Hulu to extend or reinforce its pay-TV business, as a standalone “virtual cable TV” subscription service or as a way to deliver programming to DirecTV subscribers over the Internet (or both).

Those previously in the hunt for Hulu were Amazon.com, Yahoo and a tag team of WME  and Silver Lake. Originally the final binding bids were due June 28, but the deadline was extended to July 5.

(Rachel Abrams contributed to this report.)

SEE ALSO: Hulu’s Executive Exodus Accelerates

More Biz

  • China's Alibaba to Take Majority Control

    Alibaba to Take Majority Control of Alibaba Pictures

    Chinese e-commerce giant Alibaba is to take majority control of its films unit Alibaba Pictures. The $160 (HK$1.25 billion) deal was announced on Monday. The companies said that Alibaba will increase its stake in Hong Kong- and Singapore-listed Alibaba Pictures, through a share subscription. It will lift the parent company’s stake from 49% to 51%, [...]

  • Guy Moot

    Is Sony/ATV’s Guy Moot Headed for Top Job at Warner/Chappell?

    Ever since Jon Platt announced in September that he will be stepping down from his post at the helm of Warner/Chappell Publishing to take the top job at Sony/ATV when Martin Bandier’s contract is up at the end of March, speculation has been rife about who will take over for him. One name has been [...]

  • The King Eric Clapton A Life

    Rashida Jones, Lili Zanuck Talk Grammy Nominations and the Music-Documentary Gold Rush

    Nothing takes you back to time and a place like the music of a particular era. That’s one big reason why music documentaries are flourishing at a time of enormous demand for high-end docu productions. This year’s five Grammy Award nominees for best music film reflect the appetite for stories about renowned and beloved musical figures, [...]

  • il bussetto best business card holder

    Office-Appropriate Gifting: The Best Gifts For Your Colleagues and Bosses

    You can do better than a handshake or bottle of wine to wish your boss a Happy Holiday this season. Here are 10 gifts that show your appreciation for your colleagues or manager, while also helping you stand out from the card and cookie-wielding pack. 1. Personalized Beer Growler Whether they are using it for [...]

  • viceroy-los-cabos-review

    Winter Hotel Guide: Where The Stars Stay in Los Angeles, New York and Beyond

    Whether for a business meeting, a private event, or an intimate celebration for family and friends, these are the hotels that Hollywood keeps on its list. From storied properties that are rich in film and fashion lore, to new players on the hospitality scene, here’s where to book your next stay. 1. Hotel Shangri-La (Santa [...]

  • best tech gifts ipad apple

    Retail Analysts Reveal Top Tech Gifts of 2018

    It’s shaping up to be a busy holiday season for tech and electronics companies, as gaming consoles, streaming devices and televisions top the list of most anticipated gifts, according to retail analysts. New data from Adobe Analytics forecasts that the holiday shopping season (the period from November 1 to December 31) will see more than [...]

  • best harry potter gifts art

    Harry Potter 20th Anniversary: The Best Gifts For Harry Potter Fans

    2018 marked a big milestone for “Harry Potter,” as the franchise celebrated the 20th anniversary of “Harry Potter and the Sorcerer’s Stone” release in the U.S. Since that first book was summoned onto store shelves, the Wizarding World has become a phenomenon not just in America, but around the world, spawning a successful film franchise, [...]

More From Our Brands

Access exclusive content