Posted by: youngragingbull | May 24, 2013

Yahoo now in bid for Hulu too: report

Yahoo Inc. has made an offer to acquire Hulu, a media report said Friday, joining a number of other companies in the mix for the popular online video-streaming site.

Earlier in the day, Bloomberg reported that private-equity firms KKR & Co. and Silver Lake Management LLC announced separate bids for Hulu.

Now AllThingsD reported that Yahoo, which just announced a deal to buy Tumblr for $1.1 billion, has joined the auction and wants to acquire Hulu to better compete with Google’s YouTube service.

Other companies vying for Hulu include DirecTV, Time Warner Cable, Guggenheim Digital, and the Chernin Group.


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