Hulu ’s owners might still consider a sale of thecompany — or some variety of equity transfer — toGoogle , a source tight to the transaction cognitive process tells us .
In a press vent issue lately last night , Hulu ’s equity owners News Corporation , Providence Equity Partners , andDisneyannounced a “ decisiveness to give the sack theHulusale process . ”
But the fact is that Hulu might still terminate up going to Google .
From the beginning of the Hulu sale process , source recite us that Google was “ hang around the ring ” and that Google has“some cock-a-hoop ass ideas”for what it can do withHulu .
Since then , these sources have tell us that while Hulu suitors likeAmazonand DISH web submitted command set about $ 2 billion , Googlebid much more – something in the orbit of $ 4 billion .
But that tender do with special conditions , which have beenpreviously reported .
Hulu ’s parentcompaniestold suitors that they would trade the internet site , its subscription service and the rights to sole content for at least two eld . But Google wants more contentedness for a farsighted period of time , and perhaps other concessions as well .
Rumor has it thatLarry Page in person flew down to Los Angeles to make Google ’s case .
The root near to the process says that , despite the wardrobe release , what Hulu ’s parents have really decided to do is no longer consider a sale of Hulu , the subscription service , and 2 - year of right .
Now they plan to in full view Google ’s offer – or at least see out some way to give Hulu management and Providence Equity Partners liquid state .
“ What [ Hulu ’s owners ] decided was that [ they should ] stop the process and fall down and deal with everyone ’s expectations [ for liquidity ] . If there were further discussion [ wither Google ] then we would afterwards lease in that . It would n’t be an auction or whatever . ”
“ The Google matter is not off the table . ”
republish with permit from The Business Insider
We reached out to Hulu for this story and did not take heed back . The YouTube / Google PR cat keeps saying we ’re perish to get on the speech sound at some point .
Our reservoir asked to continue anon. because they are n’t supposed to be talking to reporters about this whole matter and who want to get canned ?
GoogleHulu
Daily Newsletter
Get the ripe technical school , science , and finish intelligence in your inbox day by day .
intelligence from the time to come , delivered to your present .
You May Also Like
