Now there are two: Guggenheim Digital Media and KKR have dropped out of the bidding for the video streaming service, CNBC reports from the Allen & Co. conference that draws hundreds of moguls each year to Sun Valley, Idaho. The sole remaining bidders for Hulu are DirecTV and the Chernin Group/AT&T partnership. Meanwhile, Bloomberg is reporting that Time Warner Cable offered to acquire a stake in the company. Hulu’s owners Fox and Disney want about $1B for the company. (Comcast also is a co-owner but relinquished control over Hulu’s affairs as a condition to win government approval to buy NBCUniversal.)
Guggenheim Digital Media Out Of Hulu Bidding: Report
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