Both DirecTV (Nasdaq: DTV) and Time Warner Cable (NYSE: TWC) are considering bids to acquire Hulu, according to reports from Bloomberg.
Time Warner Cable's discussions are at an early stage, according to Bloomberg, which cited anonymous sources. DirecTV is considering buying "at least a stake," according to a separate report from Bloomberg which also cited anonymous sources.
Last October, Providence Equity Partners sold its 10 percent stake in Hulu to owners News Corp. (Nasdaq: NWSA), Walt Disney Co. (NYSE: DIS) and NBCUniversal. Hulu CEO Jason Kilar announced in January that he was resigning from the online video provider.
Commentary: A sale would mean the end of Hulu as we know it
Hulu partners buy out Providence stake for estimated $200M
Hulu chief Kilar and CTO resigning