Quibi may have to shut down if buyer not found: report
Quibi may have to shut down if buyer not found: report

San Francisco (AFP) – Quibi, the short video streaming service launched with great fanfare in April, may have to shut down if a buyer isn’t found, specialty news site The Information reported Tuesday.Quibi founder and former Disney CEO Jeffrey Katzenberg has tried to sell its catalog of programming to several companies including to NBCUniversal and Facebook — both of which declined, the tech news website reported.Katzenberg “has told people in the industry that he may have to shut down the company,” The Information said, citing a person who spoke to him.Quibi opened for business in the United…

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