Bidders vie for online video website Hulu

Jul 09, 2013

The Wall Street Journal on Monday reported that several bidders have stepped up to vie for Hulu, an online video website that Internet pioneer Yahoo was said to be eyeing as an acquisition.

The Journal cited unnamed sources as saying that Hulu had several suitors, including satellite television company DirecTV and a partnership led by US telecom titan AT&T.

A Friday deadline had been set for submitting final bids for Hulu, which was launched in 2007 in a partnership between Comcast, 21st Century Fox, and The Walt Disney Company.

While it remained unclear how high bids had climbed, DirecTV had reportedly lodged an early-round bid of more than a billion dollars.

Hulu, which has been battling rivals like Netflix in the area of streaming video, generated some $700 million in revenues last year. It has around four million subscribers to its premium video service.

Hulu also has a free service supported by advertising.

Yahoo was said to be among early bidders for Hulu but it had not been revealed whether the California-based firm, which has been on an acquisition spree, is still in the running.

Explore further: Jury decides Silicon Valley firm did not discriminate

add to favorites email to friend print save as pdf

Related Stories

Yahoo, pay-TV operators among Hulu bidders

May 25, 2013

Online video site Hulu is again up for sale, with Yahoo and pay TV operators DirecTV and Time Warner Cable among the seven bidders, according to a person with direct knowledge of the matter.

Apple considering Hulu bid

Jul 22, 2011

Apple Inc. is in talks to potentially bid for video-streaming service Hulu, according to a person close to the situation.

Recommended for you

Jury decides Silicon Valley firm did not discriminate

7 hours ago

A jury decided Friday that a prestigious venture capital firm did not discriminate or retaliate against a female employee in a case that shined a light on gender imbalance and working conditions for women ...

Intel in talks with Altera on tie-up

7 hours ago

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

11 hours ago

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

16 hours ago

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.