Hulu might be getting another owner. The video streaming service is currently in talks with Time Warner Cable to sell a stake in its company, according to Tech Times. Hulu is currently owned by three companies - Walt Disney, 21st Century Fox and Comcast NBCUniversal - and this sale could make Time Warner Cable the fourth.
To make this deal a reality, all three companies would have to sell part of their stakes to bring their holdings down to 25 percent.
If finalized, the deal could put Hulu's value at $5 billion, Bloomberg reported. No agreement is imminent, however, as talks are in their preliminary stages.
A deal with Time Warner could make the 8-year-old company an even bigger competitor in the video-streaming market with Netflix and Amazon, according to CNN Money.
This wouldn't be the first shake-up for the company, as Hulu has been rapidly expanding over the last year, according to Tech Times. Their content value has increased from $600 million in 2014 to $1.5 billion this year.
In addition, the company isn't stopping any time soon, as their number of customers grew this year to 9 million.
A representative for TWC said it is not in speculation for buying a stake in Hulu.
