/// AT&T Discusses Entering Into a Joint Bid for Hulu With Chernin Group
According to sources close to the telecommunications giant, AT&T is in discussions with the Chernin Group about mounting a joint bid to acquire the Hulu premium video site. It makes sense — in addition to its core phone business, AT&T also sells broadband and TV via its U-verse service. And, while well-funded, Chernin certainly could use the extra financial firepower in the multi-player competition to buy Hulu. Sources close the the owners have speculated recently that they expected more joint efforts in the sale of the unit, which is owned by News Corp., Disney and Comcast. Already, several major players from various sides have expressed interest in Hulu since its trio of media owners decided to put it back on the block.
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AT&T Discusses Entering Into a Joint Bid for Hulu With Chernin Group
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