Feeds

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

Purple Palace in competition for Fullscreen, report says

Intelligent flash storage arrays

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.