After its launch just six months ago, bite-sized entertainment streaming service Quibi is shutting down. This follows news that Quibi was exploring a potential buyout or merger last month after raising nearly $2B in initial capital.
As reported by The Wall Street Journal, Quibi is set to shutter the service according to a recent call to investors with co-founder Jeffrey Katzenberg. He and his counterpart Meg Whitman launched the service in April with hopes that it would become…