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Katzenberg’s Quibi Mulls Sale After Growth Sputters, WSJ Reports
- Video app is working with adviser, the newspaper says
- Company could sell itself, raise capital after weak start
Quibi, the short-video upstart founded by Hollywood heavyweight Jeffrey Katzenberg, is working with an adviser to consider its next steps after failing to meet subscriber targets, the Wall Street Journal reported.
The options include a potential sale, raising more money, or going public through a merger with a special-purpose acquisition company, the newspaper said, citing unidentified people familiar with the situation.