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DirecTV reportedly one of three $1 billion-plus bidders for Hulu

Brad Molen
05.31.13
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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.

Engadget’s parent company, Verizon, now owns Yahoo. Engadget remains editorially independent.

Source: Bloomberg
Coverage: Reuters
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