Quibi Reportedly Weighs Selling Itself Less Than 6 Months After Launching
According to The Wall Street Journal, the mobile streaming service Quibi is exploring strategic options including a possible sale. "It is also considering raising more money or going public through a merger with a specially formed company that could help it fund deals," adds CNET. From the report: It declined to comment directly on the report, but Quibi said in a statement that it "has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform." It added that CEO Meg Whitman and founder Jeffrey Katzenberg "are committed to continuing to build the business in the way that gives the greatest experience for customers, greatest value for shareholders and greatest opportunity for employees."
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