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Hulu Sale Halted, Owners To Invest $750 Million Into Site

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(Reuters) - Walt Disney Co, Twenty-First Century Fox Inc and NBCUniversal said on Friday they will keep their ownership stakes in video streaming website Hulu and will invest $750 million to help it grow. The media companies collected offers to buy the website from parties, including satellite provider DirecTV and former News Corp president Peter Chernin, sources had previously told Reuters. But the owners ultimately decided against a sale for a second time. They also considered selling Hulu in 2011. The companies "had meaningful conversations with a number of potential partners and buyers, each with impressive plans and offers to match," Chase Carey, Fox's president and chief operating...

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