Friday, October 14, 2011

Hulu owners call off sale of company

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The owners--Walt Disney, News Corp., Comcast, and equity firm Providence Equity Partners--announced today that they decided to terminate the sales process.

"Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success," Hulu owners said in a statement. "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."

Posted via email from Inspiration

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