Yahoo Reportedly Bidding on Hulu

yahoo bidding on hulu

Ermolaev Alexander / Shutterstock.com

The video streaming service Hulu is amassing a long list of suitors, and Yahoo has reportedly joined the bunch.

The bid was reported by Reuters and AllThingsD, though Yahoo declined to comment for them as for SocialTimes.

The move in many ways would make sense for Yahoo, which many of its recent short-lived CEOs, most notably Ross Levinsohn, referred to as a media company. Yet, Marissa Mayer has seemed to re-orient Yahoo as a tech company.

Other bidders for Hulu, owned by News Corp, Disney and Comcast, include Directtv, Time Warner Cable, Guggenheim Digital and The Chernin Group.

Hulu’s brought in nearly $700 million in revenue last year and continues to draw new users. Its corporate parents are allegedly deciding whether to sell the property.

Related Stories
Mediabistro Course

Social Media 201

Social Media 201Starting October 13Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!