At Least Two Pay-TV Operators Circling Hulu

At least two pay TV operators, including cable giant Time Warner Cable Inc., are weighing an investment in Hulu as the online video site considers a range of strategic options, according to people familiar with the matter.

It isn’t clear how much Time Warner Cable is willing to pay and whether it is considering purchasing a minority stake in the site or an all-out acquisition. Hulu’s current owners don’t see the cable operator as the most likely buyer at the valuation it has signaled it would do the deal, one of the people familiar with the matter said.

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