Hulu is reportedly in talks to sell part of its business to Time Warner Inc. in a deal that would value the online TV site at more than $5 billion .

Hulu is in talks with Time Warner to make the broadcaster an equal stakeholder alongside its existing investors The Walt Disney Co., 21st Century Fox and Comcast Corp., The Wall Street Journal reports. Such a deal could also put Hulu in line for use in upcoming virtual reality services. Time Warner Investments on Thursday announced it is participating in a $30.5 million funding round for NextVR, a startup that broadcasts events like sporting games in virtual reality.



A deal between Hulu and the world's second largest media company could mean more video could become available through the online TV site, including more shows owned by Time Warner's Turner Broadcasting like Cartoon Network, TNT and TBS.

A deal between Hulu and the world's second largest media company could mean more video could become available through the online TV site, including more shows owned by Time Warner's Turner Broadcasting like Cartoon Network, TNT and TBS. Time Warner already owns Warner Bros. studios, HBO and TruTV. No word yet on whether any of HBO's popular offerings, like "Game of Thrones," could appear on Hulu at some point.