Quibi is reportedly exploring strategic options including a possible sale - Business Insider

Quibi is reportedly exploring strategic options including a possible sale

The Wall Street Journal reported Monday that Jeffrey Katzenberg's mobile-video startup, Quibi, which raised $1.75 billion but has struggled to sign up subscribers, is considering a possible sale.

Quibi, which launched in April, has struggled to attract subscribers with its short-form mobile-focused originals in the increasingly crowded streaming space. The Journal reported that Quibi was on pace to miss its initial paid subscriber target by a large margin, according to a person familiar with the matter.

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