Yahoo bids for Hulu even with other possible purchases coming
At the same time, Yahoo is said to be close to buying a mobile and a communications company in the range of $100 to $200 million each. Yahoo, which missed out on YouTube as the latter was snagged by Google at the last minute, is trying to enhance its video offerings although Yahoo CEO Mayer is said to be more interested in playing with Tumblr at the moment.
Hulu went up for bid in 2011 with a $2 billion price tag, which included long-term programming rights. But at that price, there were no takers. Still, Yahoo might be in for a fight now that it might have stirred up interest in the site, which offers movies and television programming online. Said to be interested in Hulu are LBO specialists KKR, Time Warner Cable, Direct TV and the Chernin Group. The latter is alleged to have offered $500 million previously for Hulu, which offers a free service and a paid service with more current programming.
1. alltechinside (Posts: 248; Member since: 21 Apr 2013)
Sounds interesting. First Tumblr, now Hulu. Yahoo might actually start competing again!
2. Shaznek (Posts: 43; Member since: 18 Apr 2013)
damn from where did Yahoo get all this money
4. InspectorGadget80 (unregistered)
Is Yahoo trying too go bankrupt?
5. speckledapple (Posts: 892; Member since: 29 Sep 2011)
Wow Hulu as well? If they get Hulu, Yahoo would have seriously put itself in contention in many markets it is weak in. As long as they do right with each service, we could see a huge resurgence.
6. dragonstkdgirl (Posts: 144; Member since: 07 Apr 2012)
Idk how I feel about Hulu being acquired by Yahoo.... Yahoo's other acquisitions haven't seem to have done very well as of late.