June 22, 2011 10:04 pm EDT

Hulu reportedly retains investment bankers and renews Fox deal, will go on sale soon

Following yesterday's rumor that Hulu had received an a buyout offer from Yahoo, the usual "people familiar with the matter" have informed the LA Times and a reporter for CNBC that the sale process could begin within two weeks. The word is investment banks Guggenheim Partners and Morgan Stanley have been tabbed to make the sale happen and prospective bidders are already on notice, as its owners seek to separate themselves from a business that is looking more and more like a competitor than a savior. One way to make sure anyone is actually interested in buying the site is to strengthen its content licensing deals, and oh-so-coincidentally Variety is reporting Hulu has already reached a new deal to keep the TV shows from Fox flowing. Yesterday we asked for your ideas on who an eventual buyer might be and so far the list includes Google, Amazon, Facebook, Netflix and Pets.com, which should just about cover it.

Hulu reportedly retains investment bankers and renews Fox deal, will go on sale soon originally appeared on Engadget on Wed, 22 Jun 2011 18:04:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/06/22/hulu-reportedly-retains-investment-bankers-and-renews-fox-deal/

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