Hulu LLC in talks with Time Warner Inc. to sell an ownership stake
According to reports, online streaming service Hulu LLC is apparently holding talks with Time Warner Inc. for the sale of an ownership stake in the service.
If the reported move materializes, Time Warner inc. will become the fourth investor in Hulu LLC, which is already co-owned by three bigwig media companies --- 21st Century Fox Inc., Walt Disney Co.; and Comcast Corp.’s NBCUniversal.
According to the information shared by unidentified sources familiar with the matter, the ownership stake-related talks between Hulu and Time Warner are presently in the preliminary stages. The sources also revealed that Hulu approached Time Warner with the ownership-stake proposition nearly two months back.
The disclosure by the sources, the condition of anonymity, implies that, as of now, there is no surety of whether Hulu and Time Warner will reach an agreement. However, in case a deal works out between the two companies, Hulu will reportedly be valued at more than $5 billion.
About the significance of Time Warner becoming the fourth investor in Hulu LLC, Paul Sweeney – a Bloomberg Intelligence analyst – said: “With Time Warner in the mix, it is hard to see a scenario where Hulu doesn’t become a more meaningful competitor to Netflix.”
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