Yahoo Submits Bid to Acquire Hulu

Posted May 24, 2013 at 9:33pm by iClarified | Please help us and submit a translation by clicking here | 9190 views

Yahoo has reportedly submitted a bid to acquire Hulu, a popular site that streams TV shows and movies.

Yahoo has been actively sprucing up its services lately with acquisitions, including Summly and Tumblr, and product revamps, such as Yahoo Weather and Flickr.

According to AllThingsD, Yahoo submitted its bid of Hulu this morning. Other companies interested in buying Hulu include: Directv, Time Warner Cable, William Morris Endeavor, KKR, Guggenheim Digital, and The Chernin Group.

Last month, former News Corp. COO Peter Chernin submitted a starting bid of $500 million, with the understanding that he would be willing to pay more for extended licenses. Bloomberg first reported on the KKR and William Morris Endeavor/Silverlake bids today. Hulu hasn’t had a formal M&A process, but had asked prospective bidders to make an offer by Wednesday. That deadline apparently isn’t a firm one, so it’s worth wondering if the field will grow more crowded before this over.

Currently Hulu is owned by News Corp, Disney, and Comcast. It's unclear how much they want for Hulu; however, in 2011 they were looking for at least $2 billion. The real concern is the content licenses. Much of Hulu's content comes from its owners. Previously, the media conglomerates had offered content licenses that would run for two to three years.

Read More [via Tzvi]


Share
Add Comment
CaptainJapan - May 25, 2013 at 12:52am
They'll fuuck it up and I'll cancel my subscription.
Caca ko - May 24, 2013 at 11:11pm
Dont worry they won buy it. Time Warner will
d - May 24, 2013 at 9:38pm
Now they can screw up Hulu and make it run as terribly as yahoo. get a clue. Absolutely the worst mail site without a clue how to prevent spam is now going in the HD movie business.
Follow iClarified
Apple Increases App Prices in the Russian App Store
Apple has informed developers that it's incre...
Brushstroke is Apple's Free App of the Week
Apple has selected Brushstroke for iOS as its...
Bank of America Airs New Ad for Apple Pay [Video]
Bank of America aired a new ad for Apple Pay ...
Ship Times for iPhone 6 and iPhone 6 Plus Improve to as Little as 1 Business Day
Amazon's New 'Amazon Prime Now' App Offers One Hour Delivery Times in Manhattan!