The companies couldn’t agree on a price, Reuters reports citing information from “two people with knowledge of the negotiations.” While they could always return to the bargaining table, there are no plans to do so. The break down of negotiations with Time Warner Cable follows the decision this month by Hulu owners Disney and 21st Century Fox to keep the streaming service and supply $750M to accelerate its growth. (Comcast also is an owner, but in 2011 agreed not to participate in ownership decisions in order to persuade federal regulators to OK its effort to buy NBCUniversal.) In the end there were just two serious bidders: Peter Chernin in a team with AT&T, and DirecTV.
Hulu Ends Negotiations To Sell 25% Stake To Time Warner Cable: Report
Trending Now on Deadline
More From Lieberman
- Will Redbox's 25% Price Hike For DVD Rentals Hurt Its Bargain Image?
- Exhibitors Agree To “Landmark” ADA Compromise On Closed Captioning
- Court Blocks FCC On Content Deals, Cutting Outsiders' Access To Program Terms
- Turner Networks, Including CNN, Return To Dish Network
- Norman Lear Nixes 'All In The Family' Reboot For Sony--For Now
- Aereo Files For Bankruptcy Protection