AT&T Bidding on HULU?Posted: June 6, 2013
AT&T is teaming up with the Chernin Group to make a joint bid for HULU. Chernin is lead by a former executive from News Corp. All Things D says they haven’t made a bid yet, but if they do, it will certainly exceed the less than 500 million Chernin has already offered for HULU. They’re up against Yahoo and Time Warner Cable, which have bids in already. Word is that HULU’s owners…Disney, Comcast, & Newscorp, may not sell if they don’t get more than a billion dollars. Getting control of HULU would seriously bolster AT&T’s move into the TV space. The giant telcomm declined requests for comment.