Hulu mulls putting itself up for sale

MUMBAI: After receiving an unsolicited takeover offer, online video service Hulu is mulling with the idea of putting itself up for sale.

The offer, that was large enough, has made Hulu‘s board review the deal and consider seeking other potential buyers, it is understood. However, the offer amount has not been disclosed.

The service has turned out to be one of the biggest suppliers of television shows and films on the Internet through its free site and also a $8-per-month subscription plan. The free site is available on computers, but the subscription plan allows for viewing over a wide range of Internet-connected game consoles and mobile devices.

In February, Hulu CEO Jason Kilar had said that his company would have one million paying customers by the end of the year that would totally generate nearly $500 million in revenue. This amount would be up from $263 million of last year.

The sale talk comes around five months after cable TV and Internet service provider Comcast Corp. took over NBCUniversal that owns more than 25 per cent of Hulu.

Hulu is also jointly owned by The Walt Disney Co, Rupert Murdoch‘s News Corp. and Providence Equity Partners.

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