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Yahoo reportedly bids $800 million to acquire Hulu

May 26 2013, 11:58pm CDT | by , in News | Technology News

Yahoo reportedly bids $800 million to acquire Hulu
 
 

Yahoo has recently acquired social blogging platform Tumblr, but as far as the Internet giant's ambition goes, it is not resting on its laurels yet. AllThingsD is reporting that Yahoo is bidding to acquire video streaming service company, Hulu.

Sources close to the situation said that Yahoo is willing to fork $600 million to $800 million, initially. Hulu, which is jointly owned by News Corp., Disney, and Comcast, would be a good pick for Yahoo. The company already lost a bid to acquire YouTube many years ago, and just recently, its effort for acquire a huge stake in the French video site, Dailymotion, was unfortunately stalled by the French government.

Sources added that the deal, should it succeed, will be about "control and price of the content." For now, the story remains floating like a dandelion, waiting to be confirmed. 

Source: AllThingsD

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