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Friday, July 22, 2011

Apple Considering Purchase of Video Site “Hulu”

Apple could be considering a purchase of popular online video service Hulu, according to “two people who weren’t authorized to speak publicly.”
The two sources spoke with Bloomberg, calling the negotiations “early talks that may lead to an offer for Hulu.”
The Hulu rumor mill was already heating up over the past few days — we reported about a bidding war for Hulu, which is shopping itself around to potential acquirers after deciding not to go through with a $2 billion IPO.
Sweetening the deal is a promise of five years of programming for Hulu’s highest bidder, including two years of exclusivity for the programming on Hulu, consisting of content from the Walt Disney Company, News Corp. and Comcast’s NBC Universal.
While Microsoft is reportedly not interested in a second round of bidding for the online video company, Yahoo is still in play. Business Insider reported on Tuesday that the price for the premium online service could reach $2 billion.
http://mashable.com/2011/07/21/apple-to-buy-hulu/
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2 comments:

  1. AnonymousJuly 22, 2011 at 1:42 PM

    Say by by to hulu once apple gets their lock down grips on it...

    ReplyDelete
  2. AnonymousJuly 22, 2011 at 2:49 PM

    Hulu sucks. It was originally supposed to be ad-free tv. Now, they have ads. They only have one million subscribers. Anyone who buys it for anywhere near that outrageous price is making a huge error in judgement.

    ReplyDelete

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