Pursuits
Hulu Bidders Bring Range of Strategies to Takeover Fight
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At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television service.
Two private-equity firms, a media mogul, the second- and fourth-largest U.S. pay TV operators, Internet company Yahoo! Inc., and the owner of the Hollywood Reporter and Dick Clark Productions all submitted first-round offers to purchase Hulu, according to people familiar with the matter. The company is owned by Walt Disney Co., News Corp. and Comcast Corp.