After buying the blogging platform Tumblr to $ 1 billion, Yahoo has in turn submitted a bid for Hulu, a subsidiary of News Corp. and Walt Disney video service for an unspecified price, it was learned Friday, sources close to the deal.
Exchange, Yahoo ended up 1.2% at $ 26.33.
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Established five years ago, Hulu boasts four million users. The service that specializes in the distribution of television online, like his compatriot Netflix, achieved a turnover of 700 million dollars (540 million euros) last year.
Yahoo, which announced this week the acquisition of the platform microblogging Tumblr for $ 1.1 billion, is found for the acquisition of Hulu in competition with Time Warner Cable, DirecTV, the former president of News Corp. Peter Chernin and Guggenheim Digital Media.According to some sources, Peter Chernin has 500 million dollars (390 million euros) on the table. But a source close to the offer, it indicates that the price is too low and that Hulu could be worth between one and two billion dollars. A source close to the operation, indicating that the offers presented are indicative.
The private equity firm Silver Lake have also expressed interest in a letter. It is allied to the occasion with William Morris Endeavor, a company in Hollywood.Exchange, Yahoo ended up 1.2% at $ 26.33.
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