MUMBAI: Former News Corp President Peter Chernin is said to have made a bid for online video streaming service Hulu at a bid amount of $500 million.

A couple of years earlier, Chernin had bid for the company he had helped to create but it had been rejected. Hulu is co-owned by News Corp, Comcast and Disney.

Reports indicate that there is lack of clarity in terms of where Hulu - which is losing money - is going.

Chernin in his venture CA Media got funding from Providence Equity Partners which was Hulu‘s initial investor but sold its stake last year. If Chernin ended up buying the site, Providence would essentially end up as a Hulu backer again.

If Chernin does buy Hulu it is possible that it would also look at India. CA Media is headed here by Rajesh Kamat.