Short-form video startup Quibi is said to be exploring strategic options including a sale less than six months after its launch.
The mobile-first service founded by Jeffrey Katzenberg and Meg Whitman is working with advisors to weigh several options, including raising more money and going public through a merger with a special purpose acquisition company, according to a report in the Wall Street Journal.
A Quibi spokeswoman declined to comment. "Quibi has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform," she said in a statement, adding that "Meg and Jeffrey are committed to continuing to build the business in the way that gives the greatest experience for customers, greatest value.
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