Latest in Acquisition

Image credit:

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

Brad Molen
05.31.13
Share
Tweet
Share
Save

Sponsored Links

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
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Russia reportedly breached encrypted FBI comms in 2010

Russia reportedly breached encrypted FBI comms in 2010

View
Elon Musk insists 'pedo guy' tweet wasn’t serious accusation

Elon Musk insists 'pedo guy' tweet wasn’t serious accusation

View
Nintendo's SNES-style Switch controllers are now available

Nintendo's SNES-style Switch controllers are now available

View
Mazda will show off its first EV at the Tokyo Motor Show

Mazda will show off its first EV at the Tokyo Motor Show

View
US Senators ask the FCC to review licenses with China-owned telecoms

US Senators ask the FCC to review licenses with China-owned telecoms

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr