Less than 24 hours after reports began claiming an unnamed company has placed a bid to purchase Hulu, The Los Angeles Times is reporting that the popular online video streaming service has officially put itself up for sale. According to the report, Hulu has brought in investment banks Guggenheim Partners and Morgan Stanley to help them in the selling process. Possible buyers have reportedly been told that the process will begin in two weeks time.
While the company who placed the initial bid on Hulu still goes as unknown today, claims over the past 24 hours seem to point to Yahoo. However, the web giant has apparently not placed a formal bid with Hulu, according to people familiar with the matter.
Who do you think is bidding on Hulu?
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