Yahoo’s Hulu Offer Is Between $600 Million to $800 Million: Report
This might be Memorial Day weekend in the U.S. but the news about Hulu's growing list of suitors continue to move at full speed.
According to several media reports on Sunday, Yahoo Inc. has made a formal offer for Hulu that ranges between $600 million to $800 million. The offer, which was confirmed by unidentified sources to Reuters, puts Yahoo in the company of other suitors for the video service owned by News Corp and Walt Disney.
Hulu, whose premium service Hulu Plus counts over 4 million subscribers, offers subscribers video content from hundreds of providers, including Hispanic-targeted TV networks Azteca America, Estrella TV, History en Español, NUVOTV, Tr3s, Univision, Galavision and Unimás.
Just last week, Yahoo spent $1.1 billion to acquire blogging tool Tumblr, which is used around the world to upload photos and videos, and is widely used by several Spanish-language media companies, including Univision, NBCUniversal and Conde Nast, among many others.