Feeds

Yahoo!: Yes you, YouTube content-maker. GET IN MAH BELLY!

Purple Palace in competition for Fullscreen, report says

Protecting users from Firesheep and other Sidejacking attacks with SSL

Yahoo! has put in a bid of $250m for YouTube content creator Fullscreen as it continues its policy of gobbling up firms to try to bolster its presence.

The Purple Palace is in competition with existing shareholder The Chernin Group for the media company, Sky News reported. Chernin Group is an investment vehicle that was launched by former News Corp exec Peter Chernin.

The firm is understood to have the right to snatch up Fullscreen at a previously-agreed price if other bidders do not offer at least $300m.

Insiders told the broadcaster that Yahoo! is willing to part with a quarter of a billion for the company, which generates three billion views per month, according to its website. However, aside from its main rival Chernin Group, it could also end up facing competing bids from AOL and Comcast.

Like many young tech firms, Fullscreen has grown fast, but has yet to turn a profit. The company provides a platform and a number of services to a global network of content creators and brands. It was set up by George Strompolos, an ex-Google and YouTube exec, in 2011.

Yahoo! said it would not comment on rumours. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.