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Owners call off Hulu sale, to inject cash instead

July 13, 2013 • Entertainment


FILE – This Nov. 11, 2009 file screen grab shows the home page of Hulu.com. The on-again, off-again sale of Hulu is off again. The parent companies of ABC, NBC and Fox said Friday that they would stay owners of Hulu, while providing a cash infusion of about $750 million to ensure future growth. The owners had accepted formal bids for the online video service last week, the second time in three years they tried to sell the company. But the announcement Friday suggests the bids were too low. Reports pegged the Login to read more

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