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DirecTV Reportedly Offering “At Least” $1B For Hulu

by Todd Haselton | May 31, 2013May 31, 2013 5:30 pm PDT

Hulu-Plus

Everyone wants a piece of Hulu, it seems, and at least three companies are willing to pay more than $1 billion for the popular streaming video service. Bloomberg said it learned Friday that DirecTV is among the suitors willing to cough up that much cash, though it didn’t identify the other two parties or provide an exact figure.

Yahoo, Time Warner Cable, Guggenheim Digital, William Morris Endeavor, KKR and The Chernin Group are also interested in acquiring Hulu. The Chernin Group, headed by the former president of News Corp, has allegedly offered $500 million but it’s unclear if the financial firm has boosted its offer. Yahoo could use the service to boost its media portfolio, but Time Warner Cable and DirecTV could also take advantage of the customers to boost revenue from sources outside of television subscribers.

Hulu is apparently considering every offer on the table right now and hopes to focus in on a couple of potential offers in the next month, Bloomberg said.

Bloomberg

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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