Andre Yoskowitz
27 May 2013 10:03
Last week we reported that Yahoo would be placing a bid to purchase video streaming site Hulu.
Today, ATD is reporting that the bid will be between $600-$800 million, depending on what kind of content deal terms it can get from Hulu's owners, Comcast, Disney and News Corp. (NBC, ABC and Fox on broadcast).
In the past two months, DirecTV, Time Warner Cable, PE firm Silverlake, PE firm KKR, Guggenheim Digital and Peter Chernin's The Chernin Group have all expressed interest if not already placed bids for the video site.
The site is currently jointly owned by News Corp., Disney and Comcast (without any management authority) and it is clear that they will not accept under $1 billion as a straight bid, meaning Yahoo's offer seems low.