Google may be headed toward another acquisition. It is reported that Hulu is accepting acquisition bids starting today and Google is among the suitors, according to The Wall Street Journal.
Citing sources “familiar with the matter,” Google, Yahoo!, Amazon and DirecTV are all interested in acquiring the online video streaming service. The Wall Street Journal said that bids are expected to range anywhere between $500 million to $2 billion.
Talks of Hulu being acquired started back in June when speculation began that Yahoo was the company’s likely purchaser. Since then other companies were mentioned as possible buyers, although none have confirmed or denied their position on the matter.
Purchasing Hulu could help the online video service compete against its competitor Netflix, which now has over 25 million subscribers. Hulu has not responded to any comments regarding any company’s possible acquisition.
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http://tinyurl.com/4x3xstt (WSJ)
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