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Hulu Sale is still ON

Jul 13 2013, 8:01am CDT | by , in News | Misc

Hulu Sale is still ON

Owners of Hulu called off its sale after injecting $750 million cash. But a previous deal with Time Warner Cable to sale stakes of the video-streaming service is still in talks.

The sale for Hulu LLC is still not closed. Our earlier report today states that owners of Hulu called off its sale as they inject $750 million cash in the video-streaming service provider. But Bloomberg reports that Hulu owners, 21st Century Fox, Comcast Corp. and the Walt Disney Company, are still in talks 'to sell a stake in the video-streaming service to Time Warner Cable Inc. (TWC) after canceling an auction of the entire business."

It is also reported that TWC Hulu deal can be finalized within two weeks. Previously, the Time Warner Cable wants to acquire 25 percent stake in Hulu. So an extra cash amount can be injected in for Hulu along with $750 million owner's investment. Yet the representatives of both the companies refused to comment on this deal.

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