Feeds

Yahoo! ready! to! fling! $600m! at! Hulu!

Greedy Purple Palace sets its sights on yet another slurp - report

Eight steps to building an HP BladeSystem

Not content with splurging $1.1bn on cat'n'porn blogging site Tumblr and an undisclosed sum on gaming software firm PlayerScale, Yahoo! now has its wallet set on a bid for video service Hulu.

If the reports are true, Marissa Mayer comes from the "spend money to make money" school of business, having already snagged news aggregator Summly, recommendations app Stamped and video chat firm OnTheAir. Her pursuit of local video firm Dailymotion was confounded by the French government, however.

The Purple Palace must now have a little spare cash in its spending pot, since it has reportedly stuck in a bid of $600m to $800m in for Hulu, according to "insiders" who spoke to AllThingsD.

The on-demand video site has been on the market before, with owners News Corp, Disney and Comcast looking for a cool $2bn for it back in 2011. No one was interested at that price strangely enough (maybe because it wasn't the magical $1bn?), so the site was stuck back on the shelf.

Now Hulu is rumoured to be fielding offers from Time Warner Cable, investment firm KKR, DirecTV and others, although it's not clear if its owners really want to sell or not.

Yahoo! has been suffering from increased competition in its traditional internet market, but seems determined to throw money at the problem until it goes away. The company is snatching up firms in the hopes of jazzing up its internet and mobile offerings and getting back in the game against the likes of Google. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.