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Bidders vie for online video website Hulu

DirecTV is reported to have lodged an early-round bid of more than a billion dollars
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First Published: Tue, Jul 09 2013. 01 21 PM IST
Hulu also has a free service supported by advertising.
Hulu also has a free service supported by advertising.
San Francisco: The Wall Street Journal on Monday reported that several bidders have stepped up to vie for Hulu, an online video website that Internet firm Yahoo was said to be eyeing as an acquisition.
The Journal cited unnamed people familiar with the matter as saying that Hulu had several suitors, including satellite television company DirecTV and a partnership led by US telecom titan AT&T.
A Friday deadline had been set for submitting final bids for Hulu, which was launched in 2007 in a partnership between Comcast, 21st Century Fox, and The Walt Disney Co.
While it remained unclear how high bids had climbed, DirecTV had reportedly lodged an early-round bid of more than a billion dollars.
Hulu, which has been battling rivals like Netflix in the area of streaming video, generated some $700 million in revenues last year. It has around four million subscribers to its premium video service.
Hulu also has a free service supported by advertising.
Yahoo was said to be among early bidders for Hulu but it had not been revealed whether the California-based firm, which has been on an acquisition spree, is still in the running.
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First Published: Tue, Jul 09 2013. 01 21 PM IST
More Topics: Hulu | video | DirecTV | Yahoo |
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