Hulu off the market: Fox, Disney and NBC to maintain ownership (Original)
Well, we've been waiting to hear who would wind up purchasing the struggling Hulu, and now we know -- nobody! Instead the service will see an infusion of cash totaling $750 million from its current owners. Hulu has actively courted new owners on multiple occasions, and it seemed as if this time a deal was imminent. Both Yahoo and DirecTV were in the running allegedly but, for whatever reason, Fox, NBC and Disney found their offers lacking. It's unclear right now whether the issue was over asking price or future plans for the service, but the cabal behind Hulu will instead sink more money into the property to try and grow its subscriber base further. This is turning into something of a habit for the uneasy partnership, one that is quickly turning Hulu into the boy who cried wolf. The official press release awaits, after the break.
Samsung Adds Listings for Hulu Plus to Its WatchOn TV Software (Original)
Samsung is making it a little easier to find something to watch on its giant televisions.
AT&T reportedly eyeing Hulu (Original)
According to All Things D, AT&T is talking with the Chernin Group about making a joint offer.
The investment firm – run by run by former News Corp president and chief operating officer Peter Chernin – was one of seven firms already reported to have put in an offer for Hulu.
The New York Post reported that second round bids for the News Corp, Disney and Comcast-owned video site are due by tomorrow.
Stateside reports earlier this week claimed that pay TV provider DirecTV is one of three bidders currently offering upwards of US$1 billion (€764 million) for Hulu.
Other firms reported to have put in offers for the VOD site are Yahoo!, Time Warner Cable, private equity firms KKR, and Guggenheim Partners, as well as Silver Lake Partners in conjunction with Hollywood talent agency WME.
DirecTV reportedly one of three $1 billion-plus bidders for Hulu (Original)
And then there were three. Bloomberg is reporting that a trio of companies are hoping to fork out over one billion dollars for the privilege of taking online video service Hulu under their wing, and DirecTV is one of them. While we're not quite sure which other companies are involved in the process, we've been told that Yahoo, Time Warner Cable and a few others have at least thrown out offers, with no confirmation on how much they were willing to spend. Although those "people with knowledge of the bid" could include a few hoping to encourage more $1b+ offers, those extra large checks increase the odds Hulu will actually sell this time. We're quietly hoping that this potential bidding war will be resolved through an arm wrestling match, though DirecTV's legal team likely wouldn't approve.
Hulu international chief departs (Original)
According to Bloomberg, Larcher resigned earlier this month. The news comes as Hulu is said to considering a string of takeover bids from firms including Yahoo!, Time Warner Cable and DirecTV.
Larcher joined Hulu in 2009 and two years later oversaw the US VOD-site’s move into the Japanese market – its only foreign launch to date. Prior to this he held a number of internationally focused roles, including VP and general manager of international for Friendster and general manager of international at Overture, which was later taken over by Yahoo!.
Larcher’s reported move follows the departures this year of CEO Jason Kilar and chief technology officer Rich Tom – a decision that the pair first announced in January.
According to stateside reports, Hulu is currently mulling takeover bids from seven or more interested parties, which is said to include private equity firms KKR, Guggenheim Partners through its Guggenheim Digital arm, and Silver Lake Partners in conjunction with Hollywood talent agency WME.
Yahoo! reportedly bids up to US$800m for Hulu (Original)
Yahoo! has bid between US$600 million (€460 million) and US$800 million for video-on-demand site Hulu, according to stateside reports.
All Things Digital reported the figure, while a separate Deadline report named Yahoo! among “at least seven bidders” for the video site.
Private equity firms KKR, Guggenheim Partners through its Guggenheim Digital arm, and Silver Lake Partners in conjunction with Hollywood talent agency WME were all also reported to have tabled bids.
Time Warner Cable, satellite TV provider Directv and investment firm the Chernin Group – run by former News Corp president and chief operating officer Peter Chernin – reportedly made up the remaining seven bidders, while an unnamed pay TV firm is also said to be in the running.
The news comes just a week after Yahoo! agreed to buy blog site Tumblr for US$1.1 billion in cash.
Yahoo reportedly bids $600m to $800m for Hulu, other companies also interested (Original)
Yahoo is looking to acquire video streaming site Hulu, with a report suggesting the Web company has put in a bid of between $600m and $800m. However, other companies have also expressed an interest, so Yahoo is by no means certain to seal the deal.…
What Is Hulu Really Worth? (Original)
Hulu is on the block again, as its corporate parents (and content partners) are taking bids for the streaming video site. According to multiple reports, there are now seven bidders for Hulu, including pay TV operators DirecTV and Time Warner Cable; private equity firms KKR, Guggenheim Digital, The Chernin Group, and Silverlake Partners (along with talent agency William Morris Endeavor); and, coming in at the last minute is media-tech company Yahoo.
This, of course, isn’t the first time that Hulu’s owners have looked for a new owner. A couple of years ago, Hulu parents News Corp and Disney — along with then-investor Providence Equity Partners — took bids for the streaming video site. (NBC Universal, which also owns a stake in Hulu, doesn’t have a say due to regulatory concessions Comcast agreed to back when it took a majority stake in NBCU.)
Back in 2011, Hulu attracted interest from companies like Dish, Amazon, Google, and, of course, Yahoo — with most bids reportedly in the range of around $1.5 billion to $2 billion. Google reportedly bid a lot more, but it was looking for major assurances in terms of Hulu’s content licenses, something that News Corp and Disney were unwilling to give.…
Report: Yahoo becomes the latest company to place a bid on Hulu (Original)
The rumors on the potential sale of Hulu started circulating again a couple of months back. Now, according to AllThingsD, Yahoo is joining other big-name companies (such as Time Warner Cable and DirecTV) in the race to try and acquire the streaming service. Per the always-insightful sources "familiar with the process," Marissa Mayer & Co. submitted a bid for Hulu just this morning, though there are no details on how much the company is willing to spend on the video site. Something tells us we'll know more soon enough, but we can say with confidence that Yahoo is starting its holiday shopping really early.
DirecTV the latest company linked to Hulu (Original)
The pay TV company has reportedly been interested in Hulu before and the latest reports come as various companies continue to be linked to a deal for the on-demand service
Bloomberg reported last week that Time Warner Cable was in talks about taking a Hulu stake and a week earlier there were reports that Yahoo! CEO Marissa Mayer and COO Henrique De Castro had met with Hulu representatives and were interested in buying into the VOD firm.
Financial firm Guggenheim Partners and Amazon have also been linked with Hulu as has Peter Chernin’s investment vehicle as its co-owners, Disney, News Corp. and Comcast, weigh their options.
DirecTV was first linked with Hulu in 2011, but its owners ultimately decided not to sell. The weekend reports originated in The Wall Street Journal and cited unnamed sources familiar with the situation. They said DirecTV could buy some or all of Hulu.