Friday, June 24, 2011

Yahoo approaches Hulu with buy-up offer: report

Yahoo! has approached Hulu about a potential acquisition of the US online video entertainment site, though the identity of the prospective buyer remains unclear, The Los Angeles Times said Tuesday.

Hulu has a complex ownership structure, with investors that include News Corp., Walt Disney Co. and NBCUniversal.

The Times said word of Yahoo!’s unsolicited offer was confirmed by a person close to the company, but noted it remained unclear whether the offer had come directly from the Internet firm or another entity.

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