Friday, October 14, 2011

Sale of Hulu is Called Off

News Corporation, Providence Equity Partners, The Walt Disney Company and the Hulu senior management team issued the following statement:

"Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success. Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for Hulu.” 13-Oct-11