Yahoo may be going after Hulu
The list of bidders for the streaming video site keeps getting longer.
When CEO Marissa Mayer (pictured) goes shopping, she doesn't mess around. Yahoo just announced it would buy the Tumblr blogging site for $1.1 billion. If she's also interested in Hulu, we are starting to get a real sense of the ambitious plans she has for her company.
But Yahoo's got plenty of competition in this one. A number of heavyweights are lining up to make offers for Hulu as well, AllThingsD reports, including DirecTV (DTV), Time Warner Cable (TWC) and some well-heeled private equity companies such as KKR (KKR).
That's got to make Hulu's owners -- News Corp. (NWS), Disney (DIS) and Comcast (CMCSA) -- feel pretty good about their asset. Hulu's owners are reportedly asking bidders to file an offer by Wednesday.
The former president for News Corp., Peter Chernin, has already filed a bid of at least $500 million, Bloomberg reports.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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