Hulu readies IPO as battle with Netflix brews
CLARE BALDWIN AND NADIA DAMOUNI
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)