Hulu Mulls IPO - Broadcasting & Cable

Hulu Mulls IPO

Could raise as much as $2 billion
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Hulu, the online video site jointly owned by News Corp., The Walt
Disney Co., NBC Universal and Providence Equity Partners is reportedly
eyeing an initial public offering of stock that could raise more than $2
billion.

According to a report in the New York Times Hulu executives have been talking to investment bankers about an IPO, although no final decision has been made. The Times said an IPO could commence as early as this fall

Hulu was formed three years ago in part as a counter to No. 1 online video site YouTube, which was purchased by Google in 2006 for about $1.65 billion.

Hulu
offers online movies, broadcast and cable television shows and other
content from more than 225 content providers including ABC, NBC, Fox,
A&E Television Networks, and film studios Lionsgate and
Metro-Goldwyn-Mayer.

Hulu officials did not immediately return an e-mail requesting comment.

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