The roster of companies interested in acquiring a stake in Hulu is growing. In addition to The Chernin Group (in partnership with Providence Equity), Guggenheim Digital, DirecTV and Time Warner Cable — whose bids were reported on Thursday night and Friday morning — Yahoo, private equity firm KKR and talent agency William Morris Endeavor (in partnership with Silver Lake) have also placed bids, according to AllThingsD and Bloomberg.
AllThingsD reported earlier this month that Yahoo CEO Marissa Mayer had met with Hulu executives, but after the company dropped $1.1 billion on Tumblr and another several million for gaming platform PlayerScale earlier this week, it seemed that the company might not go ahead with a bid. But that appears not to be the case — and even after the Tumblr acquisition, Yahoo has around $4 billion in cash to spend. Read more...
More about Yahoo, Hulu, William Morris Agency, Time Warner Cable, and DirectvRead More... [Source: Mashable - Posted by FreeAutoBlogger]
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