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Hulu valued at $5.8B after Time Warner investment

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TV service Hulu is now valued at $5.8 billion after its latest investment.

Time Warner, the parent company of CNN, announced today it is paying $580 million for a 10 percent stake in the streaming TV service.

Time Warner joins Disney, 21st Century Fox and Comcast as owners of the nearly 10-year-old Hulu joint venture.

Read more from CNNMoney.

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