Time Warner Cable Inc. (NYSE:TWC): Closing price $114.86
Even though Hulu’s owners Walt Disney Co., 21st Century Fox Inc. and Comcast Corp.’s NBCUniversal called off plans to sell the service, knowledgeable sources said that discussions to sell a stake in the streaming service to Time Warner Cable are ongoing, as they move to create a stronger rival to Netflix Inc. The sources say that an agreement is not imminent, but one might be reached in the next two weeks. Prior to this, Time Warner Cable had tried to purchase a 25-percent interest. These talks come as a $750 million commitment from Hulu’s owners goes forward, backing Hulu’s push to lure subscribers and challenge the industry leader Netflix, which has 34 million paying customers.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.