Streaming service will give potential owners a look at its books
Hulu is meeting with potential buyers at Morgan Stanley’s Century City offices on Tuesday, TheWrap has learned.
Among the companies listening to Hulu's sales pitch will be Google, which has the money in hand to pay the streaming company's lofty asking price.
Should Hulu sell, it will likely go for some multiple of the roughly $500 million the company will generate in revenues this year.
AllThingsD also reports that Verizon, AT&T, Yahoo, Microsoft and Amazon are expected to seek a look at Hulu’s financials.
The streaming service has been on the auction block for two weeks as partners Comcast, Disney and News Corp. weigh the merits of divesting themselves from Hulu.
Hulu engaged Morgan Stanley and Guggenheim Partners to explore a potential sale after receiving an unsolicited takeover overture.
A deal is expected to be struck this month, according to an individual with knowledge of the process.