After Purchasing Tumblr For $1.1 Billion, Yahoo Sets Sights On Hulu


Yahoo made headlines earlier this week when it purchased the social media site Tumblr for $1.3 billion.

Now, the iconic internet company could add streaming entertainment platform Hulu to its growing number of assets. AllThingsD reported today that Yahoo has submitted an offer to acquire Hulu for an undisclosed price. Yahoo joins six other suitors who are looking to buy part or all of the company, which is currently a joint venture of Walt Disney, News Corp and Comcast.

Other buyers in waiting include DirecTV, Time Warner Cable, William Morris Endeavor, KKR, Guggenheim Digital and The Chernin Group.

This move comes a month after Yahoo’s failure to buy French video streaming platform Dailymotion due to government concerns.

Hulu is in a transition period after previous CEO Jason Kilar left the company earlier this year. He was replaced by interim CEO Andy Forrsell, who was previously in charge of overseeing content on the video streaming site.

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