Hulu’s Owners Extend Deadline to Give One Bidder More Time

Jun 28, 2013  •  Post A Comment

News Corp., Walt Disney and Comcast, owners of Hulu, have extended the deadline for second-round bids to allow DirecTV additional time to get its financing in place, reports the New York Post.

DirecTV will likely submit a bid of about $1 billion for the streaming service, the story says. Its rival bidders are Guggenheim Digital Media and Chernin Entertainment in partnership with AT&T.

Meanwhile, KKR and Yahoo! are expected to drop out of race after offering lower bids, between $600 million and $800 million.

The bidders and Hulu declined to comment, the story adds.

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