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Yahoo joins growing list of bidders for Hulu: sources

Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said.Yahoo did not immediately respond to requests for comment.(Reporting by Ron Grover; Editing by Gerald E. McCormick)...

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  1. Hulu Said to Attract At Least 6 Bidders

    Hulu reportedly attracted at least four bidders before a deadline passed Thursday, as a bidding war for the online video provider heats up.Satellite television opera...

  2. Disney-owned ESPN cutting hundreds of jobs: source

    ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person wit...

  3. ESPN Lays Off a Few Hundred Workers as TV Rights Fees Rise

    ESPN was laying off a few hundred workers on Tuesday, a sign that the hugely profitable sports cable powerhouse is responding to rising sports rights fees as well as...

  4. White House: Obama Names Executives, Others to Panel on Elections

    President Barack Obama will appoint executives from Walt Disney Co. (DIS) and Deloitte LLP, as well as election compliance officers and others, to a panel he created...

  5. ESPN Turns to Layoffs Amid Higher Rights Fees

    ESPN is tightening its belt.The Walt Disney (NYSE:DIS) sports network confirmed Tuesday that it is laying off some of its employees, following cost-cutting measures ...

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  7. DirecTV Said to Be Mulling Hulu Bid

    DirecTV (NASDAQ:DTV) is eyeing a possible bid to acquire online video site Hulu, according to a Wall Street Journal report.The No. 2 U.S. pay-TV operator was among t...

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