Yahoo aims to buy Hulu?
MANILA, Philippines - All Things D has reports from numerous sources saying Yahoo! has bid anywhere from US$600 million to $800 million for Hulu, an on-demand streaming video service.
According to All Things D's sources, the wide range of the offer depends on a number of factors, including the length of content licensing rights and the amount of much control the programming companies selling Hulu have over their media on the site.
A number of other bidders have also expressed interest in Hulu. Among them are separate bids made by private equity firms KKR, Guggenheim Digital and Silver Lake Partners (who does this in conjunction with the William Morris Endeavor talent agency), along with bids from Time Warner Cable, Directv, and the Chernin Group.
The news follows the recent acquisition of Tumblr by Yahoo! on May 20 - Rappler.com