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SK Telecom Out Of Hulu Competition

  • Reuters, Thursday, August 25, 2011 12:12 PM
Where Hulu will wind up remains a mystery, but at least we know where it won't. SK Telecom, South Korea's top mobile carrier, said Thursday that it had no plans to bid for the online video site. "We are aware that Hulu is up for sale, but we do not plan to participate in the auction," a SK Telecom spokeswoman tells Reuters.

"The operator was believed to have entered the auction for Hulu, according to one of the people close to the sale process," Reuters reports. Meanwhile. Yahoo, Google, DirecTV and Amazon are among the parties still preparing to submit offers for the jointly owned company. Initial presentations by potential buyers reportedly ended in early July.

Still noticeably absent from the acquisition talks is Hulu rival Netflix, which has ambitions to stream a wide variety of video content to subscribers from movies to TV shows. The degree to which the two properties could compliment each other, however, is potentially great.

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