Pursuits
Hulu Service Said in Talks to Sell Stake to Time Warner
- Deal could value streaming business at more than $5 billion
- Parent of HBO, Turner would become fourth big media owner
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Hulu LLC, the streaming service owned by three media companies, is in talks to add Time Warner Inc. as a fourth investor, according to people with knowledge of the situation.
A deal could value Hulu at more than $5 billion, according to the people, who asked not to be identified discussing a private matter. The talks aren’t advanced, and there’s no guarantee of an agreement, one of the people said.