Print 7 comment(s) - last by cashkennedy.. on May 29 at 4:27 PM

Yahoo reportedly bit as much as $800 million

Reuters reports that two sources claiming knowledge of the bid have stated that Yahoo has submitted a formal proposal to buy Hulu. Hulu is one of the most popular streaming video destinations online and competes with YouTube and Netflix.

Hulu's owners are actively seeking a buyer and Yahoo is seeking new properties to help increase profits.

Other companies that are reportedly included in the bidding process to purchase Hulu include Time Warner Cable and DirecTV. Some sources believe that Hulu could be worth as much as $2 billion. While Reuters reports no indication of exactly how much Yahoo bid, AllThingsD cites sources claiming Yahoo's bid was in the $600 million to $800 million range.

AllThingsD also reports that Yahoo is contemplating two other major purchases that would cost in the area of $150 million to $200 million with the money going to a mobile company and a communications company.
Yahoo also recently announced that it purchased blogging service Tumblr for $1.1 billion.

Sources: Reuters, AllThingsD

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By Haydon987 on 5/27/2013 10:30:08 AM , Rating: 2
Please do not let a cable or satellite company buy Hulu... it is already bad enough as far as ads and universal use per cost(doesn't work on a huge number of mobile devices where Netflix works on pretty much everything with 0 ads). I'm pulling for Yahoo big time on this one.

RE: great...
By cashkennedy on 5/29/2013 4:27:34 PM , Rating: 2
Im hoping for Yahoo or Microsoft buying it and turning it into a partially free video competitor to youtube. Would gladly pay to avoid youtube since its owned by google.

By StevoLincolnite on 5/27/2013 10:16:52 AM , Rating: 2
Yahoo is on a buying spree!

Hope they do buy out Hulu then launch it world wide so I can actually try out the service.

By milkman001 on 5/27/2013 10:39:36 AM , Rating: 2
You have "bit" instead of "bid" in the bold sub-tagline

By KFZ on 5/27/2013 12:12:41 PM , Rating: 2
When you move beyond dollars and cents you learn to call it by its real name: relevancy. Most people have no need for Yahoo, it's the other way around.

One question...
By inperfectdarkness on 5/28/2013 2:58:25 AM , Rating: 2
Is this the same yahoo that virtually no one uses for searching, and was just a few years ago nearly bought out by MS? You know, the same yahoo that was bleeding money?

So how exactly can they afford to buy Hulu?

It's part of their plan
By BRB29 on 5/28/2013 8:30:52 AM , Rating: 2
Yahoo is buying up as many different businesses as possible so they can be too big to fail.

"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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