Yahoo's Hulu bid reported at ‘$600m - $800m’

30/05/2013

Yahoo has reportedly made a bid for video streaming site Hulu valued at between $600m and $800m, as CEO Marissa Mayer’s media buying spree continues.

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The Wall Street Journal-owned technology blog All Things D reports that Yahoo has made several offers with different prices and terms.

Yahoo joins other bidders in trying to acquire Hulu, which was a pioneer in streaming TV shows and movies over the Internet for free.

The site, owned by News Corp., Disney and Comcast, more recently launched a premium service with additional content.

All Things D also cites sources inside the company as saying that Yahoo is also contemplating at least two other significant purchases — in the $150 million to $200 million range — each for a mobile and a communications company.

Earlier this month, Yahoo paid $1.1 billion in cash to purchase blogging site Tumblr.

Read the All Things D report here

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