Hulu No Longer Being Sold, Gets $750 Million In Funding

Hulu, a major video streaming service, was recently looking for buyers. It had received bids from the likes of Time Warner Cable and DirecTV. Even Yahoo had been rumored to have put in a bid of over $600 million. The co-owners of this service, Walt Disney, 21st Century Fox and NBC Universal, have now confirmed through a press release that the service is no longer being sold. Instead they'll be putting in a new round of funding to the tune of $750 million.

Had Hulu been sold, it was expected that the service would no longer offer next-day availability of prime time TV shows from NBC, Fox and ABC.

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