Andre Yoskowitz
1 Jun 2013 0:29
DirecTV, the U.S.' second largest pay TV service, has upped their bid to over $1 billion for video streaming site Hulu, say sources.
Additionally, two others have bid over $1 billion although it is unclear which companies have placed those bids.
Yahoo reportedly just lowballed at $800 million, but other potential buyers include Guggenheim Partners, Time Warner Cable and KKR.
Hulu is expected to narrow down its offers in the next few weeks.
DirecTV would use the site to offer free (or low cost) streaming content alongside its pay TV packages.