Hulu puts itself up for sale, retains investment banks

Hulu puts itself up for sale, retains investment banks

dr dre beatsThe popular online television site, which has been the cause of much consternation in Hollywood, has retained investment banks Guggenheim Partners and Morgan Stanley to facilitate a potential sale, according to people familiar with the matter. Prospective bidders have received notice that the  sales process would begin in about two weeks. monster beats

cheap beats by dreThe news comes a day after it was revealed that Hulu had received an unsolicited acquisition offer and that Web portal Yahoo has expressed interest in potentially acquiring it. Yahoo has not yet made a formal bid, said a person with knowledge of the situation.

beats dre cheapBy signing up the investment banks, however, Hulu is making clear that it is not just on the receiving end of interest. Rather, its owners -- News Corp., Walt Disney Co., NBCUniversal parent Comcast Corp. and Providence Equity  -- are seeking to exit the company three years after it launched. beats for cheap

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