Hulu Delays Second-Round Bids as DirecTV (DTV) Lines-Up Financing (NFLX) (T)

Netflix (Nasdaq: NFLX) is on watch today as owners of Hulu have extended the deadline for second-round bidding on the streaming video service.

The NY Post today said that the delay was to allow DirecTV (Nasdaq: DTV) more time to conjure-up financing arrangements. Expectations have the satellite-TV provider planning to submit a bid of around $1 billion for Hulu.

Others vying for Hulu include Guggenheim Digital Media, part of private equity firm Guggenheim Partners, and AT&T (NYSE: T)-backed Chernin Entertainment. Guggenheim has a risk due to its private equity parent advising in the sale.

Other bidders include a group including Yahoo! (Nasdaq: YHOO) and KKR (NYSE: KKR), as well as Time Warner Cable (NYSE: TWC), though Time Warner is looking to buy just a portion of Hulu.

Second-round bids were due today.

Hulu is jointly owned by Disney (NYSE: DIS), Comcast (Nasdaq: CMCSA), and News Corp (Nasdaq: NWSA).

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