Advanced Television

Yahoo! joins Hulu bidders

May 28, 2013

By Colin Mann

Fresh from its $1.1 billion acquisition of microblogging platform and social networking website Tumblr, Yahoo! is the latest company rumoured to be interested in acquiring online entertainment service Hulu.

A blog on the AllThingsD website named Yahoo!, with Bloomberg earlier reporting that KKR & Co. and private equity firm Silver Lake had joined a list of potential suitors that already included Guggenheim Digital, Time Warner Cable, DirecTV and Chernin Group.

The latter is reported in April to have placed a bid for $500 million, plus an unspecified additional sum to cover Hulu’s debt and programming commitments.

Owners News Corp and Walt Disney tried unsuccessfully to sell the venture in 2011 with a reported $2 billion asking price.


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