Shares of Netflix Inc. NFLX, -3.49% were down nearly 4% in late trade on Thursday, on news that rival service Hulu--a joint venture of 21st Century Fox Inc. FOXA, +0.00% Walt Disney Co. DIS, -0.27% and Comcast Corp.'s NBCUniversal CMCSA, -0.10% --was in talks to sell a stake to Time Warner Inc Source: Netflix shares