Yahoo is emptying out the coffers, just a few days after company acquired Tumblr for $1.1 billion, it is being reported that the online Yahoo machine is currently negotiating to buy Hulu.
At first it was Amazon who had their eye on the Hulu prize, but now it has been reported that Amazon will not make an official bid on the video-streaming service. Though we reached out to Amazon for a statement, only to be told that Amazon was not making comments at this time.
These leaves 7 suiters to pick up Hulu, KKR & Co. and private equity firm Silver Lake are being reported by Bloomberg to have joined already interested Guggenheim Digital, Time Warner Cable, Chernin Group and DirecTV .
Hulu is currently owned by several large companies including; News Corp., Disney and NBCUniversal.