Deals
Ex-News Corp. COO Chernin Said to Plan Bid for Hulu Site
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Peter Chernin, the former News Corp. chief operating officer, offered at least $500 million for Hulu, the online television service he helped found, two people with knowledge of the situation said.
Chernin submitted the bid for Los Angeles-based Hulu last week, said the people, who sought anonymity because the talks are private. The price doesn’t include Hulu’s $330 million in debt and would increase with additional content rights and longer contract terms, they said.