Silver Lake Decides It Doesn't Want Hulu (For Now) - VideoInk

Silver Lake Decides It Doesn’t Want Hulu (For Now)

/ Jul 5, 2013

HuluInABox

Silver Lake has dropped its bid for Hulu, according to a report from All Things D, citing sources close to the situation. Silver Lake had partnered with Hollywood talent agency WME to explore a purchase of the online video service, which is owned by the trio of 21st Century Fox (formerly News Corp.), Disney, and Comcast (which has no operational oversight due to FCC regulations).

Other Hulu suitors include DirecTV, The Chernin Group (in partnership with AT&T), Guggenheim Digital, and Time Warner Cable (which as far as we know is only interested in purchasing a stake in the company). DirecTV is considered to be the frontrunner, which might not be bad for Hulu if it hopes to play a serious role in original online programming. Yahoo also had an interested in buying Hulu, but has since dropped out of the bidding war.

Today is the deadline for binding bids for Hulu, which means there is no going back. Unless, of course, Hulu’s owners decide to not sell the company, as they have done before.

If Hulu is sold, it appears the price will have to be in the neighborhood of $1 billion.

Silver Lake’s exit might not be final, though. As the All Things D report notes, the private equity firm might partner with one of the bidders that is left depending how things play out in the next, “more serious” round (yes, there will be another round). It’s not exactly clear what this means for WME’s interest in Hulu.

Stay tuned, I guess.

Tags: , , , , , , , , , , , ,


MeandHer

CNE Brings The New Yorker to The Scene

Zealot Networks

Danny Zappin’s Zealot Networks Buys Content Licensing Firm...

tumblr_480x400

VHX Now Has a Video ‘Library’ and Mobile App

hulu4

Hulu Nabs Exclusive SVOD Rights to a Lot of FX Shows

Vevo01

Vevo Arrives on Xbox One as Its App Viewership Spikes in 2014

Cameron Dallas Expelled

Cameron Dallas Movie ‘Expelled’ Tops iTunes

Johnny Dynamo

WATCH THIS: Indie Series ‘Johnny Dynamo’ Is Back on...

AllTime10s

Diagonal View Teams with BuzzMyVideos to Bring Popular YouTube...

TheCreatorShow

YouTube Has a New Show to Spotlight Creators and New Features

YouTubeMusical_DD

YouTube Music Night: Meet Your 2015 Musical Obsessions

DIY_Selfie

YouTubers Dispense Music-Video Style Tips in New Vevo Series

netflixTV

Netflix Scores Huge Pay-TV Deal with Dish Network

Legendary 2

Legendary Names Carlos Sanchez VP of Distribution for Latin America

NATPE

NATPE Promotes Jordan Ryder to Oversee All Event Programming

21st Century Fox

21st Century Fox to Buy Interactive Video-Ad Startup True[x]

Channel Frederator Network

Channel Frederator Network Continues to Grow

Marriott International

Marriott Inks More YouTube Talent Deals, Casts First Short Film

TerryCrews

Terry Crews to Host Jukin Media’s ‘World’s...

OITNB_Alist

Seen Any Good Movies Lately? Netflix on Android Has

bryant_hernandez

Esquire to Release New Golf Series on Digital Before TV Premiere

NBCDigital

NBC to Stream Live on Digital, but Don’t Celebrate Just Yet

resurrection

Hulu Nabs Exclusive Rights to More TV Shows from Disney/ABC

Gaming_Zefr

Video Games Are the Dominant Trend on YouTube

5ViewerShipTips

Annual MIPLab Video Startup Competition Is Now Accepting Submissions

NewsToKnow

Tuesday 12.16.2014: News to Know

onlinevideo

Video Distribution Network Rightster Names New CFO

PopcornFix

Movie/TV Streaming Service Popcornflix Expands to Xbox One

Meg_DeAngelis_DD_01

How Meg DeAngelis Went from Amateur Gymnast to YouTube Star

Shift_MSNBC

MSNBC Debuts New Video Hub to Grab More Online Viewers

RobotActor

Wired Debuts Mockumentary Series Starring Summer Glau

vice

Vice to Remain in ‘Deal Mode,’ Hires James Schwab to...

flula

YouTube Star Flula Borg Signs with UTA

IAWTVawards

IAWTV Partners with NAB Show, Moves Annual Awards Show to April

NewsToKnow

Monday 12.15.14: News to Know

cracklelogo

Crackle Delays Release of ‘The Throwaways’ Amid Sony...