Sunday 25 September 2016

Hulu in talks to sell stake to Time Warner - report

Sruthi Shankar

Published 13/11/2015 | 07:16

The HULU Plus app is played on a Samsung Galaxy phone in this photo-illustration in New York, December 23, 2013. REUTERS/Carlo Allegri
The HULU Plus app is played on a Samsung Galaxy phone in this photo-illustration in New York, December 23, 2013. REUTERS/Carlo Allegri

Hulu is looking to sell a stake to Time Warner in talks that would value the video-streaming service provider at above $5bn, according to a report in The Wall Street Journal.

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The talks include cash investment and content licensing, the Journal said, citing people familiar with the matter.

Time Warner would be an equal stakeholder with other current Hulu owners, the newspaper reported.

Time Warner declined to comment, while Hulu was not immediately available to comment.

Reuters

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