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Yahoo Hulu Deal? Yahoo Bidding On Streaming Video Site, According To Reports

Report: Yahoo Is Bidding On Hulu
Alexis Kleinman
By 

Deputy Managing Editor Of Impact & Innovation, The Huffington Post

Yahoo is joining in the bidding war for streaming video site Hulu, according to All Things D. Yahoo is reported to have submitted the bid Friday morning.

Reuters confirms that Yahoo joins a long list of bidders for Hulu, including former News Corp president Peter Chernin, DirecTV, and Time Warner Cable and private equity fund Guggenheim Digital Media.

Also on Friday, Bloomberg reported that private equity firms KKR and Silver Lake Partners are among the bidders for the site. Bloomberg notes that Hulu's advertising revenue was up 65 percent last year to $695 million.

Hulu is currently owned by Walt Disney Co., Comcast's NBCUniversal, and News Corp, and the company has been looking for buyers since March. News Corp and Disney have been at odds with one another in discussions about Hulu's intended direction, according to The Wall Street Journal. News Corp has argued that Hulu should focus on growing its subscription service, while Disney thought the free service should be the Hulu's focus.

This has been a big week for Yahoo. The company bought Tumblr for $1.1 billion cash on Monday. Yahoo only had $1.2 billion in cash as of its most recent quarterly earnings, so Hulu should not expect to make a deal with the company in cash. Yahoo also bought gaming company PlayerScale on Thursday. Yahoo's bid for video site Daily Motion was blocked by the French government earlier this month. Daily Motion is, like Hulu, a popular online hub for video content.

This story is developing. Come back here for updates.

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Before You Go

1
Advice To Job Hunting Women
"Find something you're passionate about and just love. Passion is really gender-neutralizing," Marissa Mayer said on Martha Stewart's "Women with Vision" television series in 2011.
2
The Pie 'Isn't Big Enough'
"Right now is a great time to be a woman in tech, but there's not enough women in tech," Mayer told a CES2012 panel hosted by CNET. "[I] worry a lot of times the conversation gets really focused on what percentage of the pie is women. And the truth is, the pie isn't big enough. We're not producing enough computer scientist. We're not producing enough product designers. We need a lot more people to keep up with all of these gadgets, all of this technology, all these possibilities."Mayer also commented on the stereotypical culture within the tech world: "There's all kinds of different women who do this. You can wear ruffles, you can be a jock, and you still be a great computer scientist or a great technologist, or a great product designer."
3
Tangible Technology
"There's just huge growth and opportunity. [T]he fact that the technology is now so tangible in our everyday lives, I think, will inspire a lot more women to go into technology -- and I'm really heartened by that," Mayer said for the MAKERS "Women in Tech" interview series in 2012.
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Internet Empowered
"I consider myself incredibly lucky to be present in a moment in time when this wonderful and powerful medium, the internet, is empowering geeks -- and especially female geeks -- to express and pursue their passions," Meyer said in a 2012 acceptance speech at the Celebrating Change gala. She had just won the International Museum of Women's first-ever Innovator Award.
5
Geekin' Out
"People ask me all the time, 'What is it like to be a woman at Google?' I'm not a women at Google; I'm a geek at Google. And being a geek is just great," she said in an interview for CNN's "Leading Women" series in 2012.
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