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] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
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