|  Home   |  Forums   |  News   |  Blog   |  Reviews   |
 Satellite   Digital TV   IPTV   Cable   HDTV   Computers   Games   Mobile Phones   Broadband   Internet   Security   Telecoms   USB   VoIP   Wireless 

October 12, 2010

Hulu on track for IPO

Bookmark and Share

by Janet Harris

Online video rental service Hulu is expected to make a firm decision within the next couple of months, on whether to launch an Initial Public Offering (IPO).

The placing is expected to take place next spring and could raise between US$200 and US$300 million, according to a report from Reuters news agency.

It would value Hulu at $2 billion and would allow the company to invest in the necessary technology and skills to take it to the next level.

An expansion would also allow it to compete more effectively with rivals such as Netflix, Google and Amazon and to take advantage of the growing market for online video, which is expected to exceed $16.1 billion by 2012.

According to Reuters the IPO is expected to be led by Morgan Stanley.

Story link: Hulu on track for IPO

Discuss this in the Techwatch Forums

Technology Services:

Related news to "Hulu on track for IPO"

No Comments »

No comments yet.

Leave a comment

Previous: «
Next: »

Tags: ,

Visited 1860 times, 2 so far today