Hulu Planning To Go Public

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Hulu Planning To Go Public

Post by Snaz on Mon Aug 16, 2010 1:20 pm

For those of us who use Hulu, thought you might be interested:

Video viewing site Hulu planning to go public
Report: IPO could value the clip viewing site at more than $2 billion

August 16, 2010
updated 1 hour 18 minutes ago

NEW YORK — Web video service Hulu is planning an initial public offering that could be worth more than $2 billion, a source familiar with the situation said on Monday.

The service, which offers popular shows such as "Glee" and "Modern Family" as well as movies, is in talks with investment banks to go public later this year, the source said.

Hulu is jointly owned by General Electric Co affiliate NBC Universal, Walt Disney Co's ABC, News Corp's Fox Networks and as well as Providence Equity Partners.

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