The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Is Guggenheim About to Gain a Hollywood Sibling? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 26, 2013

Is Guggenheim About to Gain a Hollywood Sibling?

News summary by MFWire's editors

Guggenheim Investments [profile] may soon gain a digitial television pioneer for a sibling.

AllThingsD, Bloomberg Businessweek and the Wall Street journal all report that the asset manager's parent, private equity giant Guggenheim Partners, is one of several possible bidders who have had preliminary chats with Hulu, a website that allows users to stream current television online.

Comcast, News Corp and Walt Disney each own about one-third of Hulu, though only the latter two can vote on its future. AllThingsD names Amazon and Yahoo as other tirekickers looking at Hulu.

How big would the deal be? Hulu claimed $695 million in revenue in 2012, 65 percent above 2011, from a combination of premium subscription fees and adverstising. According to Bloomberg, in a 2011 auction that involved Amazon, Google and Yahoo, Dish Network bid $1.9 billion for Hulu, an offer that Hulu rejected. Reuters reports that Hulu considered an IPO in 2010 and that the company bought out Providence Equity Partners' 10-percent stake for $200 million in October 2012, which would value the whole company at $2 billion (perhaps a bit more, since Providence's stake was non-controlling). 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use