two of my favorite things

Hulu readies IPO as battle with Netflix brews


New York— Reuters

Published Friday, Oct. 08, 2010 11:29AM EDT

Last updated Friday, Oct. 08, 2010 12:13PM EDT

Popular U.S. Web video service Hulu is prepared to raise as much as $300 million in an initial public offering likely to be led by Morgan Stanley, according to sources familiar with the matter.

Hulu is ready to raise $200 million to $300 million in a deal valuing the company at about $2 billion, and could file a prospectus with the U.S. Securities and Exchange Commission before the end of the year, one source said.

Not quite sure what the finance mumbo jumbo means.  I love Hulu but find that it does not completely meet my viewing needs and this can only be a good thing.  am (januaryskies)


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