Video streaming site Hulu expects to receive bids this week as the company continues to look for a buyer, according to a report in All Things Digital.
The report comes as prior rumours had suggested that Hulu would be looking for a buyer, and that Apple has expressed interest.
The new report indicates that the next stage of the discussion would involve categorising exactly what would be contained in the purchase, along with future ownership structures.
The report indicates that Hulu is expecting bids upwards of $US1 billion. Both Yahoo and Google have also been rumoured to be contemplating a bid.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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