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Microsoft drops out of the bidding for Hulu | |
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||
| Time: 08:38 EST/13:38 GMT | News Source: the inquirer | Posted By: Robert Stein | ||
|
SOFTWARE GIANT Microsoft has dropped out of the bidding to buy online video service Hulu, according to a source close to the company. Microsoft informed executives at Hulu last week that it would not be entering the second round of bids, according to Bloomberg. No explanation for this decision was given, but potentially the price has escalated beyond what Microsoft is willing to pay thanks to the large number of interested parties. | ||
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