Deals Rumor Mill: Hulu, Glencore Xstrata, FedEx

Law360, New York (July 10, 2013, 11:49 AM EDT) -- Satellite television provider DirecTV LLC is up against a Chernin Group-AT&T Inc. tandem in the auction for popular video-streaming site Hulu after each leveled a $1 billion buyout offer, Bloomberg reported Wednesday. The two wannabe buyers rose to the top of the field after a unit of Guggenheim Partners LLC and KKR & Co. LP saw their joint effort to take over the website draw to a close. Hulu’s board, which is overseeing the bidding process, is also mulling an offer from Time Warner Cable Inc....
To view the full article, register now.