Tuesday, May 28, 2013

Hulu Entertaining At Least Five Bidders, Says Report

Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. According to a report from AllThingsD, Yahoo made the $600M to $800M bid for Hulu, depending on the licensing terms for the content acquired with the site. In addition, other bidders include Time Warner Cable; DirecTV; The Chernin Group; and a bids from private equity firms KKR, Guggenheim Digital, and Silver Lake Partners/William Morris Endeavor.

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