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Chernin-AT&T Said to Submit Joint Hulu Bid in Final Round

Chernin Group and AT&T Inc. submitted a joint bid for Hulu LLC, the video-streaming service, meeting the deadline for binding offers, according to a person with knowledge of the situation.

Bids for Los Angeles-based Hulu, owned by Walt Disney Co., 21st Century Fox Inc. and Comcast Corp., were due yesterday, said two people, who sought anonymity because the sale process is private. The value of the offer wasn’t immediately known.