1. #1

    Join Date
    Aug 2011
    Lahore, Pakistan
    Blog Entries

    Yahoo! plans to buy video hosting Hulu?

    A few days after the acquisition of microblogging service Tumblr, a cost of $ 1.1 billion, the company Yahoo! has applied for the purchase of video service Hulu. It was reported, citing informed sources, resources, Bloomberg and All Things D, as well as the news agency Reuters.

    According to the sources, the interest in the acquisition of companies showed Time Warner Cable Inc, DirecTV, KKR & Co. (KKR), Silver Lake Management, former president of News Corp, Peter Chernin (Peter Chernin), and Guggenheim Digital Media.

    According to Reuters, Peter Chernin offered in March for Hulu $ 500 million as sources say, that amount would not be enough to buy a video sharing. According to experts, the cost of Hulu, has received in the past year, $ 695 million in revenue could reach $ 1 billion, and then $ 2 billion.

    Earlier this month, Yahoo! filed a request for acquisition of a majority of French video sharing Daily Motion. However, the attempt to acquire Yahoo! 75% stake in the French company is rumored to have blocked the revival of French Industry Minister Arnaud Montebur (Arnaud Montebourg).


    Last edited by Naveed A Lodhi; 05-27-2013 at 03:41 PM.

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