Exclusive: Former News Corp President Chernin bids $500 mill

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    Technology News

    Chernin, President and Chief Operating Officer, News Corporation, speaks during 2009 Milken Institute Global Conference in Beverly HillsBy Ronald Grover and Jennifer Saba LOS ANGELES/NEW YORK (Reuters) – Former News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process. The website, jointly controlled by News Corp and Walt Disney Co, reached out to potential buyers in March after initially contemplating a deal in which one would buy out the other. It is not clear whether that transaction is still being contemplated. …

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