Deals
Microsoft Said to Drop Out of Auction for Hulu Online TV Service
This article is for subscribers only.
Microsoft Corp. is dropping out of the bidding for Hulu LLC, the online video service put up for sale by its media-company owners, according to a person with knowledge of the matter.
Microsoft, based in Redmond, Washington, told Hulu executives last week it wouldn’t continue into a second round, said the person, who wasn’t authorized to talk publicly. The person didn’t rule out Microsoft re-entering later.