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Latest Business News: Hulu Owners Cancel Auction - Again

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July 12, 2013 AT 3:00 PM
For the second time, Hulu has been taken off the sales block. 21st Century Fox, NBCUniversal, The Walt Disney Co. jointly issued press releases announcing they planned to keep ownership and invest $750 million in the streaming site. Bids from DirectTv and AT&T had reportedly neared the $1 billion mark.