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 major averages punctuated a solid week with a subdued Friday session. The S&P 500 shed 0.2% to narrow its weekly gain to 1.7%, while the Nasdaq Composite (+0.1%) displayed relative strength. The tech-heavy index finished the week in line with the benchmark average.
Market participants went into today's session expecting to hear some new insight from Fed Chair Janet Yellen, who delivered the keynote address at this year's Jackson Hole Symposium. Unfortunately, the ... More
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