Hulu taken off the block
“Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for Hulu,” the owners said in a joint statement.Reuters reported last month that the auction of online video site Hulu has been slowed due to conflicts over complicated digital rights, a wide bid-ask gap and the lack of commitment to sell by Hulu’s owners, among other things.This is the second time its owners have fashioned a full or partial exit strategy that has failed. After nearly six months of planning, the owners ditched an initial public offering last December to raise up to $300 million.
