Hulu reportedly retains investment bankers and renews Fox deal, will go on sale soon

Following yesterday's rumor that Hulu had received an a buyout offer from Yahoo, the usual "people familiar with the matter" have informed the LA Times and a reporter for CNBC that the sale process could begin within two weeks. As its owners seek to separate themselves from what is looking more and more like a competitor than a savior, reportedly Guggenheim Partners and Morgan Stanley have been retained and potential bidders have been contacted. One way to make sure anyone is actually interested in buying the site is to strengthen its content licensing deals, and oh-so-coincidentally Variety is reporting Hulu has already reached a new deal to keep the TV shows from Fox flowing. Yesterday we asked for your ideas on who an eventual buyer might be and so far the list includes Google, Amazon, Facebook, Netflix and Pets.com, which should just about cover it.Hulu reportedly retains investment bankers and renews Fox deal, will go on sale soon originally appeared on Engadget on Wed, 22 Jun 2011 18:04:00 EDT. Please see our terms for use of feeds.Permalink   |  Variety, Company Town, @JBoorstin (Twitter)  | Email this | Comments

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