Qatar joins Hulu bidding

Qatara holdings among 'at least seven' bidders.
News, Broadcast Business

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 Qatar is part of one of several high profile bidders battling to take buy US-based online video streaming service Hulu. The company is currently owned by Rupert Murdoch’s News Corp and media giants Walt Disney and Comcost, and the bidding process is set to be one of the most tightly fought deals in the US entertainment world this year.

At least seven bidders have reportedly put forward proposals to acquire Hulu, with some of the bids believed to be as high as $1bn. Qatar Holding, the Gulf’s state’s sovereign wealth fund, last year invested $100m in US media company the Chernin Group and it is reportedly backing a $830m bid for Hulu, according to the Bloomberg News agency.

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