Hulu’s board has approached potential buyers to gauge their interest in buying the online video service.
If Hulu and other streaming video channels and services are the wave of the future why is Hulu, one of the largest, for sale?
Analyst Michael Pachter:
Nobody will buy them unless they can fix content costs in a long-term agreement. The value is based on the profit potential and without certainty about costs no rational bidder will step up.
Looks like the owners want out of a sinking ship.