Hulu, Potential Buyers Gear Up for Wednesday's Bids
Bids could range between $500M and $2B
As potential buyers gear up to bid on video streaming site Hulu, its media company owners could be hurting chances for a sale in their efforts to make money without cannibalizing profit from traditional media.
On Wednesday, bidders—including Google, Yahoo, Amazon, and DirecTV—are expected to make initial offers, according to The Wall Street Journal. Yahoo, whose unsolicited interest first led Hulu to consider a sale, remains an “eager bidder” but could be outbid by Google or Amazon.
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