Google and Yahoo Considering Hulu Purchase?
Robert Iger, President and CEO of Walt Disney Co., has said that the owners of the video-streaming service, Hulu, are "committed to selling". The sale would mean Hulu would become an independent buyer of movie and TV shows for online viewing, competing for content with Netflix, the current dominant subscription streaming service.
Bloomberg - Bankers for Hulu have met with Google Inc. (GOOG), Yahoo Inc. and Microsoft Corp. (MSFT) as the company explores a sale, people familiar with the process said last week. The 10 to 12 potential bidders Morgan Stanley (MS) and Guggenheim Partners have reached out to also include AT&T Inc. (T)..
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