Friday, May 24, 2013

Reuters: Technology News: Yahoo joins growing list of bidders for Hulu: sources

Reuters: Technology News
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Yahoo joins growing list of bidders for Hulu: sources
May 24th 2013, 18:57

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The Yahoo logo is shown at the company's headquarters in Sunnyvale, California April 16, 2013. REUTERS/Robert Galbraith

The Yahoo logo is shown at the company's headquarters in Sunnyvale, California April 16, 2013.

Credit: Reuters/Robert Galbraith

By Ronald Grover

LOS ANGELES | Fri May 24, 2013 2:57pm EDT

LOS ANGELES (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.

Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said.

Yahoo did not immediately respond to requests for comment.

(Reporting by Ron Grover; Editing by Gerald E. McCormick)

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