Former News Corp. President Peter Chernin bid ~$500M for Hulu (DIS, NWS, CMCSA) after its owners...

|By:, SA News Editor

Former News Corp. President Peter Chernin bid ~$500M for Hulu (DIS, NWS, CMCSA) after its owners began reaching out to prospective buyers, Reuters reports. The reported bid price is well below the $2B valuation Hulu is believed to have been given when Providence Equity sold its stake last year, and Reuters cautions it isn't clear if the owners are still considering a sale.