Hulu has hired bankers Morgan Stanley and Guggenheim Partners to sell the online video site. Hulu is jointly owned by News Corp's Fox, Disney's ABC and Comcast's NBC (although NBC has no voting power or a seat on the board). Hulu has stated it is on track to generate over $500 million in revenue this year, making it a quite attractive property.
Earlier this week it was rumored Yahoo was interested in Hulu and had tendered an initial offer. No news on if that offer was considered, but the board has not met to discuss any offers, so it is doubtful Yahoo's offer was sufficient.
Last year, Hulu and Morgan Stanley floated the notion of an IPO, which went nowhere because the company couldn’t secure long-term exclusive content licenses from its owners.
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