Hulu mulls putting itself up for sale
Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, a person familiar with the matter said Tuesday. The offer was large enough to make Hulu's board review the deal and consider seeking other potential buyers, said the person, who spoke on condition of anonymity because the discussions are confidential. The person would not disclose the amount of the offer nor the bidder. Hulu has become one of the biggest purveyors of television shows and movies on the Internet through its free site and via an $8-per-month subscription plan that gives users a deeper library of shows from ABC, Fox and NBC. The free site is available on computers, but the subscription plan allows for viewing over a wide array of Internet-connected game consoles and mobile devices.
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