Hulu seeks to sell stake to Time Warner: DJ, citing sources

Hulu website.
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Hulu is seeking to sell a stake to Time Warner, Dow Jones reported, citing sources.

That deal, the report said, would value Hulu at $5 billion to $6 billion. As it stands now, Time Warner would be an equal stakeholder with the other current Hulu owners, Dow Jones's sources said.

Netflix, a Hulu competitor, saw its stock at a session low on the news.

The talks include discussion of a cash investment and content licensing, according to Dow Jones. Hulu declined to comment when contacted by CNBC.

—CNBC's Julia Boorstin contributed to this report.