After putting Hulu up for sale for the second time in two years, parent companies Disney, 21st Century Fox and NBCUniversal (CNBC's parent company) have announced that the streaming-video company is no longer for sale.
In a statement, the media giants said they would retain their ownership positions and would infuse Hulu with $750 million in cash to "propel future growth."
Though Comcast was not allowed to be part of the decision-making because of the regulatory conditions of its acquisition of NBCUniversal, it is investing an equal share of the $750 million so that the stakes remain the same.
The parent companies would not elaborate beyond the statment. None of the bidders—DirecTV , the Chernin Group with AT&T, Guggenheim Digital Media and Time Warner Cable, which wanted to buy a minority stake—would comment.