Wednesday, April 22, 2015

Comcast's dealings with Hulu could jeopardize its merger with Time Warner Cable

Comcast's involvement in the potential sale of Hulu may dampen its chances of getting its proposed merger with Time Warner Cable approved by the Justice Department. According to The Wall Street Journal, Comcast, 21st Century Fox, and Disney executives met at the Allen & Co. conference in 2013 to discuss the potential sale of Hulu — which was garnering billion dollar offers at the time. Instead of hammering out the sale, Comcast reportedly convinced its partners that it could raise Hulu's value and make it a true competitor to Netflix, promises that played a significant role in the decision to pull Hulu off the market, according to The New York Times.

Comcast is restricted from making management decisions involving Hulu

Due to its deal...

Continue reading…



via The Verge - All Posts http://ift.tt/1HVkf8H

No comments:

Post a Comment