I guess that buying Tumblr isn’t enough for Melissa Mayer. I say that because Bloomberg is reporting that Yahoo is looking to buy a stake in Hulu to make itself relevant again:
Yahoo, which said this week it’s buying Tumblr Inc. for $1.1 billion, made the offer today, said the person, who sought anonymity because the bids aren’t public. The value of Yahoo’s offer wasn’t immediately known.
Meredith Kendall, a spokesman for Los Angeles-based Hulu, declined to comment, as did Sara Gorman, a spokeswoman for Sunnyvale, California-based Yahoo. The technology blog AllThingsD reported Yahoo’s bid earlier today. Hulu is owned by News Corp., Walt Disney Co. and Comcast Corp.
Now there are a bunch of other bidders out there, so this is far from a done deal. But if they can pull this off, perhaps it would vindicate Mayer’s long term strategy for Yahoo which many (including myself) have questioned.
Yahoo To Buy Stake In Hulu?
Posted in Commentary with tags Hulu, Yahoo on May 25, 2013 by itnerdI guess that buying Tumblr isn’t enough for Melissa Mayer. I say that because Bloomberg is reporting that Yahoo is looking to buy a stake in Hulu
to make itself relevant again:Yahoo, which said this week it’s buying Tumblr Inc. for $1.1 billion, made the offer today, said the person, who sought anonymity because the bids aren’t public. The value of Yahoo’s offer wasn’t immediately known.
Meredith Kendall, a spokesman for Los Angeles-based Hulu, declined to comment, as did Sara Gorman, a spokeswoman for Sunnyvale, California-based Yahoo. The technology blog AllThingsD reported Yahoo’s bid earlier today. Hulu is owned by News Corp., Walt Disney Co. and Comcast Corp.
Now there are a bunch of other bidders out there, so this is far from a done deal. But if they can pull this off, perhaps it would vindicate Mayer’s long term strategy for Yahoo which many (including myself) have questioned.
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