Hulu's Owners Say They're Not Selling, Will Invest Another $750M

21st Century Fox, NBCUniversal, and The Walt Disney Company just announced that they're not selling online video site Hulu after all. They also said they're making "a commitment to recapitalize Hulu with $750 million in new funding for future growth." The final bidders for Hulu reportedly included DirecTV, a partnership between AT&T and Chernin Group, and private equity firm KKR. It seems, however, that none of them made a bid that satisfied the current owners, who previously tried to sell Hulu in 2011.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/yOQntcOmRYI/

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