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Quibi Streaming Service Explores Strategic Options, Including Sale: Report

Quibi Streaming Service Explores Strategic Options, Including Sale: Report 5d4t46

Quibi is also considering raising more money or going public through a merger with a special purpose acquisition company. 61ak

By Reuters | Updated: 22 September 2020 15:02 IST

Quibi Streaming Service Explores Strategic Options, Including Sale: Report

Quibi, led by former Hewlett-Packard chief executive officer Meg Whitman, costs $5 a month with ads 2j5u61

Highlights

This year Quibi was ed more than 2.7 million times
Quibi was launched in early April
Quibi offers entertainment and news in episodes of 10 minutes or less

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Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring several strategic options including a possible sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The company is also considering raising more money or going public through a merger with a special purpose acquisition company, the report said.

Quibi said it does not comment on rumour or speculation.

Quibi Review: Bite-Sized Content, Terrible Pricing

Katzenberg told Reuters earlier this year the launch in early April.

The video service, led by former Meg Whitman, costs $5 (roughly Rs. 400) a month with ads and $8 (roughly Rs. 600) without them.

Quibi offers entertainment and news in episodes of 10 minutes or less on Reese Witherspoon.

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Are Apple Watch SE, iPad 8th Gen the Perfect ‘Affordable' Products for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, the episode, or just hit the play button below.

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