The streaming video site, owned jointly by Disney, 21st Century Fox (News Corp.) and Comcast (NBCU), has been up for sale since March.
Chernin Group, run by Peter Chernin, has submitted a joint bid with AT&T, and is now in the running with DirecTV and Guggenheim Digital Media, both of which have reportedly bid $1 billion for the company along with rights to future content.
The entire process has been private, so all financial details and reports about bids have come from anonymous sources. The decision is expected later this month.
Written by: Andre Yoskowitz @ 5 Jul 2013 20:36
