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: , , , , , , , , , , , ,


yupptv

YuppTV Partners with Indian Humor Video Aggregator Comedy Munch

 
Yvonne-Strahovski-Chuck-promo-season-2-14

Hulu Adds Yvonne Strahovski (‘Dexter’) to...

 
Alison Brie Community

Allison Brie (‘Community’) to Wrestle for Netflix in...

 
Michael Phelps Facebook Live Rio Olympics

Michael Phelps Tops Facebook Live as It Pulls in 139 Million...

 
Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!
 
Stand Up to Cancer with YouTube Endemol Shine Group

Brits Stand Up To Cancer with Live-Streamed YouTube Campaign

 
How They Made Fight of the Living Dead Experiment 88

How They Made YouTube Red’s ‘Fight of the Living...

 
More people in the US use Smart TVs than last year

Cord-Stackers Get Most Satisfaction from SVOD Experience

 
BizWireTV Launches on Apple TV, iPhone and Android Devices

BizWireTV Streaming News Show Comes to Mobile

 
Now We're Talking LeBron James Uninterrupted Go90

First Look at Trailer for Go90 series ‘Now We’re...

 
American Gods Amazon Starz

Amazon Captures ‘American Gods’ for Prime Video in ...

 
Digital Domain World Surf League Tahiti

Digital Domain Goes 360 with World Surf League in Tahiti

 
Streamy Awards

Epic Rap Battles and ‘Oscar’s Hotel’ Top...

 
Dose

Dose Hires BuzzFeed and Elite Daily Execs to Build Out Video and...

 
Wong Fu Productions Single by 30 YouTube Red New Form Digital

How Wong Fu Productions Upped Their Game with YouTube...

 
DigitalCabana_Ep4Still

Streaming Businesses Are A Dime A Dozen, Will They Work?

 
DigitalCabana_Ep4Still

Why is Facebook Catching Push-Back from Premium Publishers?

 
SekineRisa_VideoInk_300x250

International MCN’s Are Still Standing —...

 
JW Player

JW Player’s New “JW Showcase” Further Enables...

 
YuYu_VideoInk_300x250

Digital Media Rights Announces Another Streaming Service — YuYu

 
netflix mobile

Majority of Netflix Subscribers to be Outside of U.S. by 2018

 
ComcastWatchable_Exclusives_VideoInk_300x250

Comcast’s Watchable Grabs Exclusive Titles from Cut, Buzzfeed

 
Rupert Grint Wild Target

Rupert Grint to Star in Crackle’s Series Adaptation of...

 
Vaughan Emsley Tongal

Why Vaughan Emsley Left an Old School Ad Giant for...

 
NextVR and FOX Sports to Broadcast Bundesliga Opening Match Live

NextVR Live Streaming Bundesliga German Soccer League Kick-off...

 
Netflix acquires three new indie flicks

Netflix Returning to Canada with ‘Anne of the Green...

 
AOL Alpha VR Virtual Reality

Does the Future of Virtual Reality Sit at Home and Wear a Headset?

 
Udi Jacobi_VideoInk_300x250

Ad Blocking: How Big is the Problem and What Can Publishers Do...

 
Damon Dash Dame Dash Studios Dame Dash TV

Hip Hop Entrepreneur Damon Dash Launches Dame Dash TV OTT Channel

 
Jake Paul

Vine Star Jake Paul to Headline DigiTour’s ‘Team 10...

 
Dr. Havoc's Diary Fullscreen

EXCLUSIVE CLIP: Fullscreen’s “Dr. Havoc’s...

 
Between_Jennette_McCurdy Netflix

Jennette McCurdy Pacts with Canvas Media Studios for Series...

 
John Zhang Indigenous Media

Indigenous Media Hires DanceOn’s John Zhang as EVP of Marketing

 
Jamie Curry WME

WME Signs Kiwi YouTube star Jamie Curry of Jamie’s World

 
Elizabeth Grier Nash and Hayes Awestruck

Nash & Hayes Grier’s Mom Joins Awestruck Network

 
Billy Crudup Stanford Prison Experiment

Billy Crudup joins Naomi Watts in Cast of Netflix’s...

 
Zype

Zype Adds Live Streaming Capabilities for Clients

 
Talking Tom and Friends

‘Talking Tom and Friends’ feat. Colin Hanks Greenlit...

 
eOne Logo

eOne Completes Acquisition of Secret Location Digital Studio

 
Creative Galazy Season Two Amazon

Amazon Announces ‘Creative Galaxy’ Season 2 Premiere Date

 
DigitalCabana_Ep4Still

Digital Cabana: ESPN Goes Over the Top, Investment is Hot, and more!