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] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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These hot movers could rise by double digits in coming months.
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