Report: Hulu Prepping To File For $2 Billion IPO

According to a Reuters report, Hulu is preparing to IPO in the first half of 2011. Sources told the news organization that Hulu will be looking to raise between $200 million and $300 million in a deal valuing the company at about $2 billion. Reports about Hulu's IPO ambitions first surfaced last summer, but this may signal that a filing might be imminent. Hulu is expected to file with the Securities and Exchange Commission before the end of the year, which will set the company to IPO anywhere between January and May of 2011. Reuters' source says the offering is "contingent on the renewal of rights to carry shows, some of which expire in a year."