Yahoo! reportedly bids up to US$800m for Hulu
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.