Quibi Streaming Service Explores Strategic Options, Including Sale: Report
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 offers entertainment and news in episodes of 10 minutes or less on mobile phones, with its programming featuring a large roster of A-list stars including LeBron James, Chance the Rapper and Reese Witherspoon.
© Thomson Reuters 2020
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