Quibi Explores Strategic Options, Including Sale (Report)

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, 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